Gross Domestic Product (GDP) is__________________?
Correct answer: A. Value of all economic activity with in a nation's border
- A. Value of all economic activity with in a nation's border
- B. Economics output of a country
- C. Economic activities of federal government
- D. None of these
Explanation
GDP measures the monetary value of final goods and services produced within a country's borders during a specified period. Option a is the closest wording, although “economic activity” is broader than the standard definition.
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