The total market value of a nation's aggregate production of final output based on current prices for the goods and services produced during a given year is called

Question

Quizplus · Accepted Answer

GDP (Gross Domestic Product) is the measure of the total market value of all the final goods and services produced within a country during a given period of time, typically a year, based on current prices. It includes all goods and services produced within the country's borders and by all its residents, regardless of whether the production takes place domestically or abroad.

The Total Market Value of a Nation's Aggregate Production of Final