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What is a country measuring when it looks at the total value of goods and services produced within its economy within a given year?

User Afaolek
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2 Answers

6 votes

Answer:

The answer is gross domestic product :p

Step-by-step explanation:

User Benedikt Schmidt
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Answer:

Gross domestic product

Step-by-step explanation:

When a country is measuring the total value of goods and services produced within its economy in a given year, it is determining its Gross Domestic Product or GDP.

The GDP of an economy is one of the tools used to measure how developed a country it. It is also used for determining the standard of living in a particular place.

This tool helps to determine the health of the economy of a nation.

User WoMo
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