Answer to Question #198151 in Economics of Enterprise for Millicent

Question

The market value of goods and services produced in a economy in a given year is____

Select one:

a. Per Capita Income

b. Gross Domestic Product

c. National income

d. Net national income

Answer 1

The correct answer is: b. Gross Domestic Product

In economics, the monetary value of all the goods that a country produces in a given year is known as the gross domestic product.