Question

What is the correct definition of gross domestic product?

A. total dollar value of all goods and services produced in a nation in a year.
B. level at which a nation lives as measured by the extent it meets its needs.
C. total national income divided by the number of people in a nation.
D. growth rate a business can maintain without having to borrow money.

Answer 1

A. total dollar value of all goods and services produced in a nation in a year.

Step-by-step explanation: