Total value added in a nation over the period of 1 year is equal to

Question

Quizplus · Accepted Answer

Total value added in a nation over the period of 1 year is measured by GDP or Gross Domestic Product. GDP is the sum of all final goods and services produced within a country's borders in a specific time period, typically a year. It is often used as a key indicator of a country's economic performance. The other options, national debt, federal budget, budget deficit, and balance of trade are all related to the financial aspects of a country but do not directly measure the value added in the economy.

Total Value Added in a Nation Over the Period of 1