Troboli is a North American country. The total value of all final goods and services produced in Troboli in the last fiscal year was 3.3% more than the year before that. This growth placed Troboli in a better position compared with most of its allies. In this scenario, the total value of all final goods and services through which the economic condition of Troboli was assessed is known as _____.
A)net present value
B)gross domestic product
C)profit margin
D)windfall profit

Question

Quizplus · Accepted Answer

The total value of all final goods and services produced in a country in a given time period is known as its Gross Domestic Product (GDP). In this scenario, the economic condition of Troboli was assessed based on its GDP, which grew by 3.3% compared to the previous fiscal year. Therefore, the correct answer is B - Gross Domestic Product.

Troboli Is a North American Country