Total value of goods and services produced during a particular year is called _____.

GNP

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GDP

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NNP

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NDP

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Solution

The correct option is C GDP
Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly).

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The market value of all final goods and services produced in a year inside the boundary of a nation is called ______.

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