what is gross domestic product?\no it is the total profit that all the corporations in an economy make in…
what is gross domestic product?\no it is the total profit that all the corporations in an economy make in one year.\no it is the total amount of money that consumers in an economy have to spend.\no it is the total amount of goods and services that a nation produces within a year.\no it is the total expenses used to produce all the goods and services in a nation.
Answer
Brief Explanations:
Gross Domestic Product (GDP) measures the market value of all final goods and services produced within a country in a given time - period, usually a year. It is not about corporate profit, consumer spending, or production expenses.
Answer:
It is the total amount of goods and services that a nation produces within a year.