PRC-3 · Chapter 13 · Question 45 of 50
The total market monetary value of all final products, goods, and services actively produced within the geographic borders of a country during one financial year is defined as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Gross Domestic Product (G.D.P.)
Explanation
GDP strictly measures the value of all finished goods produced within the geographic confines of a nation, irrespective of whether the producers are citizens or foreigners.
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