Asked by
Nadar Mahamud
on Oct 19, 2024
Verified
The market value of all final goods and services produced during a given time period is called ________.
A) GDP
B) industrial production
C) capacity utilization
D) factory orders
Market Value
The current price at which an asset or company could be bought or sold in the market.
GDP
Gross Domestic Product, the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
Final Goods
Products that are purchased for consumption by the end user and are not intended to be resold or used in the production of other goods.
- Acquire knowledge of the determinants influencing gross domestic product (GDP) and their role in economic studies.
Verified Answer
LT
Learning Objectives
- Acquire knowledge of the determinants influencing gross domestic product (GDP) and their role in economic studies.