_________ measures the aggregate production of final goods and services taking place within the domestic economy during a year.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Gross domestic product.
- Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period.
- As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.