The total dollar value of all goods and services produced by all people within the boundaries of a country is called _____.
A) productivity
B) the gross domestic product
C) the gross national product
D) the inflation factor
E) the standard of living

Question

Quizplus · Accepted Answer

The gross domestic product (GDP) is the total dollar value of all goods and services produced within a country's borders within a specific time period, usually a year. It is used as a measure of a country's economic performance and standard of living.

The Total Dollar Value of All Goods and Services Produced