Science Definitions Question #10905
Single Choice Easy

QWhat is the term for the total value of all goods and services produced within a country's borders in a specific period?

ID: #10905 Definitions 187 views
Question Info
#10905Q ID
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  • A Gross domestic product (GDP)
  • B Gross national product (GNP)
  • C Net present value (NPV)
  • D Return on investment (ROI)
Correct Answer

Explanation

Gross domestic product (GDP) is the total value of all goods and services produced within a country's borders in a specific period, typically a year. It is used to measure the economic output and growth of a country and provides insights into the overall health of its economy.

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