Final answer:
Gross Domestic Product (GDP) is the total value of all the finished goods and services produced in a country for a specific period of time.
Step-by-step explanation:
Gross Domestic Product (GDP) is the total value of all the finished goods and services produced in a country for a specific period of time. It is a measure of the economic activity and productivity of a nation.
GDP is calculated by summing the value of all final goods and services produced within a country's borders. For example, if a country produces $10 million worth of cars, $5 million worth of televisions, and $2 million worth of services in a year, the GDP for that year would be $17 million.