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Q: The gross domestic product is the value of all goods and services produced in a country during a given year.?
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Related questions

The value of all of the goods and services produced in a country is called the?

gross domestic product? i think.


What is the answer to The gross domestic product is the?

total value of all goods and services produced in a country in a given year


What is the total value of all goods and services produced in a year called?

Gross product. If counting one produced inside a country then Gross Domestic Product GDP.


Which term describes the total value of goods and services produced in a country in a given year?

gross domestic product


What is the total value of goods and services produced in a country during a given priod?

Gross domestic product - GDP


What is GPD in economics?

GDP stands for Gross Domestic Product. It's the sum of all goods and services produced in a country.


What is the total value of all goods and services produced in and out of a country in a year called?

Gross Domestic Product (GDP)


What is the measure of all goods and services produced by a country in a year?

The measure of all goods and services product by a country in a year is called "gross domestic product" which is often abbreviated GDP. I think it is called gross national product but I could be wrong.


Explain why the GNP and GDP are different?

GNP (Gross National Product) measures the total market value of all final goods and services produced by a country's residents, regardless of where they are located, while GDP (Gross Domestic Product) measures the total market value of all final goods and services produced within a country's borders, regardless of the producers' nationality. The primary distinction between the two is that GNP includes income earned abroad by a country's residents and excludes income earned domestically by foreigners, whereas GDP includes income earned domestically by both residents and foreigners while excluding income earned abroad by residents.


What is the term term for the total value of all goods and services produced in a particular economy?

Gross Domestic Product... (:


The total value of all the goods and services produced by a country in a year is its?

gross nation prod


What is the value of all the goods and services produced in a country called?

It's called GDP or Gross Domestic Product. At times you can also see it as GDI which is Gross Domestic Income.