Question

Aggregate monetary value of all final
goods and services produced in a
country during a year.
1 Net national product
2 National income
3 Gross national product
4 Household income​

Answer 1

Answer:

Gross Domestic Product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes.