3 years ago

Which phrase defines gross domestic product (GDP)?

2 answers:

8 0

Correct answer:

2. The totals the monetary value of all the finished goods and services produced in a country in a given period

Explanation:

GDP is abbreviated as Gross Domestic Product. It is the broadest quantitative live of a nation's total economic activity. A lot of specific, GDP represents the price of all product and services created among a nation's geographic borders over a specific amount of your time.
<span>It is calculated as:
</span>GDP<span> = private consumption + gross investment + government investment + government spending + (exports – imports)</span>

otez555 [7]3 years ago

4 0

Answer:

B. the total monetary value of all the finished goods and services produced in a country in a given period

Explanation:

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