Question

A/An is the state of a country or region in terms of the production and consumption of goods and services and the supply of money.

• A. GDP
• B. GNP
• C. economy

Answer 1

The correct option is C economy

An economy is the state of a country or region in terms of the production and consumption of goods and services and the supply of money. GDP represents the value of all goods and services produced over a specific time period within a country's borders. Economists can use GDP to determine whether an economy is growing or experiencing a recession. An economy encompasses all activities related to production, consumption, and trade of goods and services in an area. An economy applies to everyone from individuals to entities such as corporations and governments.