The value of all goods and services produced by a country's domestic and international activities over a one-year period is called ________.
A) gross domestic product (GDP)
B) imports and exports (IAE)
C) gross national product (GNP)
D) globalization of production (GOP)

Question

Quizplus · Accepted Answer

Gross National Product (GNP) measures the value of all goods and services produced by a country's residents, both domestically and internationally, over a one-year period.

The Value of All Goods and Services Produced by a Country's