total final value of all the goods and services during a particular year is called
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Gross domestic product (GDP) is defined as "the value of all final goods and services produced in a country in 1 year". Gross national product (GNP) is defined as "the market value of all goods and services produced in one year by labour and property supplied by the residents of a country."
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main answer : GDP
Definition of 'Gross Domestic Product'
Definition: GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year.
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