Question

the sum total of all the final goods and services produced by the normal residents of the country during the year is called as​

Answer 1

Answer:

Gross National Product is defined as the total market value of all final goods and services produced in a year in a country. Two things must be noted in regard to gross national product.

Answer 2

Answer:

Gross domestic product (GDP)

is defined as "the value of all final goods and services produced in a country in 1 year".