The amount of goods and services that a nation produces is known as the

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is the common measure of the amount of goods and services produced by a country in a given period of time. It includes consumption, investment, government spending, and net exports. Deposit receipt (B) is not related to the amount of goods and services produced. Total output (C) is a general term that refers to the total quantity of goods and services produced, but GDP is a more specific measure. Medium of exchange (D) refers to something that is widely accepted as payment for goods and services, but it is not a measure of the quantity of goods and services produced.

The Amount of Goods and Services That a Nation Produces