The monetary value of all products and services produced in a country during one year is referred to as the
A)gross national production.
B)gross domestic product.
C)national monetary reserve.
D)monetary domestic product.
E)annual national product.

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is the monetary value of all products and services produced by a country in one year, within its own borders, regardless of who owns the productive assets.

The Monetary Value of All Products and Services Produced in a Country