The total market value of goods and services provided in a country's economy per year by both residents and nonresidents of that country is:
A) Gross domestic product.
B) Gross national product.
C) Gross national income.
D) Gross domestic income.
E) Gross disposable income.

Question

Quizplus · Accepted Answer

The definition provided in the question matches with the definition of Gross Domestic Product (GDP). GDP measures the total market value of all final goods and services produced within a country's borders during a specific period, typically a year.

The Total Market Value of Goods and Services Provided in a Country's