The total market value of final goods and services produced in an economy during a one-year period is
A)gross domestic product.
B)net national product.
C)profit.
D)personal income.

Question

Quizplus · Accepted Answer

Gross Domestic Product (GDP) is the total market value of all final goods and services produced within a country's borders during a specific period (usually one year). It is a measure of a country's economic output and is commonly used to compare the economic performance of different countries.

The Total Market Value of Final Goods and Services Produced