What is the monetary value of all the goods and services produced in a country in a specific time period known as?

Gross State Product

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Gross Domestic Product

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Planned Economic Output.

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Planned Domestic Output

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Solution

The correct option is B Gross Domestic Product
Gross Domestic Product or GDP is the monetary value of all the goods and services produced in a country in a specific time. With increased GDP, generally the per-capita income will also increase which is the GDP per person in the country.

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The total money value of all final goods and services produced in a country in a year is known as:

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