Question

Gross domestic product (GDP) is the value of goods and services produced in a country annually. It can best be described as measuring an economy’s a.total product b. total demand c.total input d. total output

Answer 1

I think answer should be d part ( total output)

Answer 2

It can best be described as measuring an economy's total output. (Option d)

GDP (Gross domestic product) measures the financial value of every last item and offering i.e., those offered to the final person or consumer, produced in a given period of time.

• It counts all of the output generated within the borders of a country.
• GDP is composed of products and services produced for sale inside the market and additionally consists of some non-market manufacturing, which includes defence or schooling offerings furnished through the government authorities.

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