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the total retail market value of all the goods and services produced within a nation’s borders in a one-year span

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Q: What is the best description of gross domestic product?
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What is the best definition of gross domestic product?

Gross Domestic PRoduct is the total amount of money per year


What is the best measure of Ghana's economic activities on Gross domestic product or Gross national product Explain?

Gross domestic product measure the total output produced from within the countries boarders. Gross national product measures the output generated by a countries enterprises. The best way to measure Ghana's economic activities would be to use gross domestic product.


Which of these is the best description of the Gross Domestic Product?

the value of all final goods and services produced within a nation in a given year plus income earned by its citizens abroad, minus income earned by foreigners from domestic production


It's very difficult for any nation to have the best and at the same time?

a) gdp;hdi gross domestic product; Human Development Index ranking


Which of theses is the best description of the gross domestic product?

the value of all final goods and services produced within a nation in a given year plus income earned by its citizens abroad, minus income earned by foreigners from domestic production


If a country is at the top of the worlds Human Development Index rankings it probably will not have the world's best?

gross domestic product


What is the best description of the gross national product?

the value of all final goods and services produced within a nation in a given year plus income earned by its citizens abroad, minus income earned by foreigners from domestic production


Its very difficult for any nation to have the best and at the same time .?

gross domestic product; Human Development Index ranking


If a country is at the top of the world's Human Development Index rankings probably will not have the world's best?

gross domestic product (GDP)


What is the best measure of the value of output of an economy?

A country's gross domestic product (GDP) is a measure of a country's overall economic output.


It's very difficult for any nation to have the best and at the same time.?

a) gdp;hdi gross domestic product; Human Development Index ranking


What one of these is the best description of a gross world product?

the total value of all final goods and services produced by all nations in a given year