155k views
2 votes
If you want to analyze the total annual production of goods, services, and structures within a nation, which economic figure should you reference?

User Orbit
by
7.6k points

2 Answers

4 votes
Gross Domestic Product or GDP is the statistic that provides the monetary value of all the finished goods and services produced within a country's borders over a given time period. This figure would give the information you are looking for. 
User Abritez
by
7.8k points
3 votes
The correct answer is the Gross Domestic Product

The Gross Domestic Product, or the GDP, is a number that represents the measure of the market value of all goods and services that were produced within a given time period. The GDP shows how much an economy is growing, but it does not necessarily also mean that the standard of living is improving or that the people are doing better.
User Jomarie
by
6.6k points