The sum of all goods and services produced within a nation's boundaries each year is the ______.

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is the sum of all goods and services produced within a nation's boundaries each year. A is incorrect because Gross National Index (GNI) measures income generated by a country's residents and businesses, regardless of their location. B is incorrect because Producer Price Index (PPI) measures changes in the price of goods and services purchased by producers. C is incorrect because Global market indicator is a generic term used to describe various indices and indicators that track the performance of global markets.

The Sum of All Goods and Services Produced Within a Nation's