Respuesta :
Answer:
The total economic value of goods and services produced by a country
Explanation:
Gross Domestic Product ( GDP )-
It refers to the total market or the monetary value of the completed goods and services in the geographical boundary of the country , is referred to as the gross domestic product .
The value of the GDP is calculated on the annual basis , and sometimes on the quarterly basis .
GDP is the key tool for any policymakers , business and investors .
Hence , from the given question ,
The correct answer is The total economic value of goods and services produced by a country .
Answer:
The total monetary value of goods and services produced by a country
Explanation:
GDP is the measure of the value of economic activity in a country. It is the sum of all the goods and services, prices and market values produced in an economy in a specific period of time.
It can be calculated monthly, quarterly or annually.It is an indicator of size of an economy. A high GDP means that the economy is moving forward and is in good shape, if it is falling then the economy is in trouble as the economic output is falling.
