Question

The money value of all final goods and services produced within a country during a particular year is called:

• A. Gross domestic product
• B. Net domestic product
• C. National product
• D. Production of secondary sector

Answer 1

The correct option is A Gross domestic product

GDP stands for "Gross Domestic Product" and represents the total monetary value of all final goods and services produced (and sold on the market) within a country during a period of time (typically 1 year). GDP is the most commonly used measure of economic activity.