Discuss Forum
1. Which economic indicator measures the total value of goods and services produced within a country's borders and is often used to assess the overall economic health of a nation?
- A. Gross Domestic Product (GDP )
- B. Gross Domestic Product (GDP )
- C. Gross Domestic Product (GDP )
- D. Gross Domestic Product (GDP )
Answer: Option A
Explanation:
Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country's economic health.
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