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Gross National Product (GNP) or Gross Domestic Product (GDP). Both basically try to evaluate and measure the value in the market of all goods and services produced for final sale in an economy.
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What is the total of all goods produced in a year called?
Gross national product
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.
What is the total dollar value of all final goods and services produced in America during one year called?
Gross Domestic Product (GDP)
What is the total value of all goods and services produced in California last year?
1$
What does GDP measure?
The total market calue of all final goods and services produced in a year
What is the total value of all goods and services produced in one year in 3 words?
GDP
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
GDP is the total market value of what?
All final goods and services produced in an economy in a given year.
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 all goods and services produced in and out of a country in a year called?
Gross Domestic Product (GDP)
What is net product?
Net National Product is the sum of total final goods produced by an economy in certain time period that is one year ,minus the total capital money incurred for the production of total final goods in an economy for the time period of one year.
What is the total value of goods and services produced in a nation is called?
The total value of all goods and services produded by a nation in a year is called the Gross National Product or Gross Domestic Product of that country. We'll sometimes use GNP or GDP in place of the (respective) terms. Links to related questions and articles can be found below.
