396,363 views
14 votes
14 votes
(a) Define the terms: (1) Gross Domestic Product​

User Kyle Challis
by
3.2k points

2 Answers

20 votes
20 votes
Total monetary value of all goods
User Henson
by
2.8k points
14 votes
14 votes

Answer:

Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.

Step-by-step explanation:

User Cucurbit
by
3.0k points