The market value of all goods and services produced during a given time period is called ______.
A) GDP
B) industrial production
C) capacity utilization
D) factory orders

Question

Quizplus · Accepted Answer

The market value of all goods and services produced during a given time period is called Gross Domestic Product (GDP). Industrial production refers to the output of manufacturing, mining, and utilities sectors. Capacity utilization measures the percentage of a firm's total production capacity that is being utilized. Factory orders refer to the total dollar value of new orders for both durable and non-durable goods placed with manufacturers.

The Market Value of All Goods and Services Produced During