The gross domestic product (GDP)is used worldwide and measures the total output of goods and services within a country's borders

Question

Quizplus · Accepted Answer

This statement is true. The gross domestic product (GDP) is a commonly used economic indicator that measures the total value of all goods and services produced within a country's borders, regardless of the nationality of the producers. It is used by governments, businesses, and investors to analyze and compare economic performance between countries and over time.

The Gross Domestic Product (GDP)is Used Worldwide and Measures the Total