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1 mark

The value of all final goods and services produced within a country is called the:

  1. A
    GDP
  2. B
    VAT
  3. C
    IMR
  4. D
    GST

Solution & Step-by-step Explanation

Gross Domestic Product (GDP) represents the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

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The value of all final goods and services produced within a country is called the:
A
GDP
B
VAT
C
IMR
D
GST

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MacroeconomicsNational IncomeEconomic Indicators

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