Question

If you want to analyze the total annual production of goods, services, and structures within a nation, which economic figure should you reference?

Answer 1

The GDP (Gross Domestic Product)

Answer 2

GDP is the correct answer.

Step-by-step explanation:

The measure of the market value of all the goods and services which are produced in a country in a specific time is known as GDP. It indicates the health of a country's economy. It is calculated on annual and quarterly basis. The US government releases quarterly GDP and annual GDP data. It includes balance of trade, paid in construction costs and foreign balance of trade. The various types of GDP measurements are Nominal GDP, GDP per capita, GDP growth rate and Real GDP.