Gross domestic product (GDP) is the:
A) total market value of goods and services provided in an economy in a year by both residents and nonresidents of that country.
B) manufacturers' selling price of goods (but not services) produced in a year.
C) total market value of goods (but not services) produced in an economy in a year.
D) total market value of goods and services consumed in a year.
E) None of the above.
Correct Answer:
Verified
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