______ is the market value of all final goods and services produced within a domestic territory of a country measured in a year.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e Gross Domestic Product (GDP).
- Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period.
- GDP = private consumption + gross private investment + government investment + government spending + (exports – imports).