The market value of all final goods and services produced during a given time period is called ________.

Question

Quizplus · Accepted Answer

The market value of all final goods and services produced during a given time period is called Gross Domestic Product (GDP). Industrial production refers to the output of the manufacturing, mining, and utilities sectors. Capacity utilization measures the extent to which businesses are using their installed productive capacity, while factory orders refer to the amount of goods that factories have received orders for.

The Market Value of All Final Goods and Services Produced