Complete the following sentence. Remember to spell correctly.

The market value of all final goods and services produced within a country in a certain period of time is called the gross domestic product, also known as ____.

Question

07-08-2024
Business

Answered

Complete the following sentence. Remember to spell correctly.

The market value of all final goods and services produced within a country in a certain period of time is called the gross domestic product, also known as ____.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-08-07T09:29:37-04:00

Final answer:

Gross Domestic Product (GDP) is the total value of goods and services produced in a country within a specific timeframe, crucial for assessing economic health.

Explanation:

Gross Domestic Product (GDP) is the market value of all final goods and services produced within a country's borders over a specific period, typically a year. It is calculated by adding up consumption (C), investment (I), government spending (G), and net exports ((X-M)). GDP provides a comprehensive measure of a country's economic performance and productivity.

Learn more about Gross Domestic Product (GDP) here:

https://brainly.com/question/33854874

Complete the following sentence. Remember to spell correctly.The market value of all final goods and services produced within a country in a certain period of time is called the gross domestic product, also known as ____.

Answer :

Final answer:

Explanation:

Learn more about Gross Domestic Product (GDP) here:

Other Questions

Complete the following sentence. Remember to spell correctly.

The market value of all final goods and services produced within a country in a certain period of time is called the gross domestic product, also known as ____.