A measure of the output of goods and services in an economy is called:
A) output
B) money supply
C) gross domestic product
D) velocity

Name: A measure of the output of goods and services in an economy is called: A) output B) money supply C) gross domestic product D) velocity
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Question

A measure of the output of goods and services in an economy is called:
A)	output
B)	money supply
C)	gross domestic product
D)	velocity

Quizplus · Accepted Answer

Gross domestic product (GDP) measures the total output of goods and services in an economy over a given period of time. It is one of the most commonly used indicators to measure the health of an economy.

A Measure of the Output of Goods and Services in an Economy