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Which of the following metrics measures the market value of the goods and services produced within a country over a one-year period?

A) Purchasing power parity
B) Gross domestic product
C) Real income
D) Balance of trade

User StephanM
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Answer:B) Gross domestic product

Explanation:Gross Domestic Product (GDP) is the broadest quantitative measure of a nation's total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time.

The equation for calculating GDP is: GDP = private consumption + gross investment + government investment + government spending + (exports – imports). For the gross domestic product, “gross” means that the GDP measures production regardless of the various uses to which the product can be put.

User Ashen
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