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Question 15 of 25

The total value of goods and services produced in an economy per year is measured by the:

A. unemployment rate
B. gross domestic product
C. consumer price index
D. rate of inflation


Sagot :

Final answer:

Gross Domestic Product (GDP) measures the total value of goods and services produced in a country annually.


Explanation:

Gross Domestic Product (GDP) is the total value of goods and services produced in a country in a year. It is calculated by summing the value of all goods and services produced within the country's borders. GDP is a key measure of a nation's economic performance.


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