3 years ago

What is the total value of all final goods and services produced in a particular economy called?

1 answer:

5 0

Answer:

The total value of all final goods and services produced in a particular economy is called Gross Domestic Product (GDP).

Explanation:

In macroeconomics, the Gross Domestic Product (GDP) is a macroeconomic magnitude that expresses the monetary value of the production of goods and services of final demand of a country or region during a given period, normally a year.

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