Asked by
lauren gilbert
on Oct 13, 2024
Verified
The total market value of a nation's aggregate production of final output based on current prices for the goods and services produced during a given year is called
A) net national product.
B) national income.
C) GDP.
D) real GDP.
Aggregate Production
The total output of goods and services produced by an economy over a specific time period.
Net National Product
The total market value of all final goods and services produced by the residents of a country in a given time period, minus depreciation.
- Acquire knowledge about the constituents and definition of Gross Domestic Product (GDP).
Verified Answer
MP
Learning Objectives
- Acquire knowledge about the constituents and definition of Gross Domestic Product (GDP).