monetary value of all goods and services produced in a country during one year is referred to as the
A) gross national production.
B) national monetary reserve.
C) gross domestic product.
D) monetary domestic product.
E) annual national product.

Question

Quizplus · Accepted Answer

The monetary value of all goods and services produced in a country during one year is referred to as the gross domestic product (GDP). It is a commonly used measure of a country's economic performance and is calculated by adding up the value of goods and services produced by all sectors of the economy.

Monetary Value of All Goods and Services Produced in a Country