The _____ of an economy is its total annual output,measured by the final purchase price.
A) balance of payment
B) gross domestic product
C) cash reserve ratio
D) net national income

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is the total annual output of an economy, measured by the final purchase price of all goods and services produced within a country's borders. It represents the monetary value of all the finished goods and services produced within a country during a specific time period.

The _____ of an Economy Is Its Total Annual Output,measured