Which term defines the market value of goods and services produced in a country for use within a year (expressed in dollars)?
A) gross domestic product
B) gross national product
C) per capita GNP
D) per capita GDP

Question

Which term defines the market value of goods and services produced in a country for use within a year (expressed in dollars)? 
A) gross domestic product 
B) gross national product 
C) per capita GNP 
D) per capita GDP

Quizplus · Accepted Answer

Gross domestic product (GDP) is the market value of all final goods and services produced within a country in a given period of time (usually a year) and is expressed in dollars. It does not include income earned by citizens or companies outside of the country.

Which Term Defines the Market Value of Goods and Services