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What is a nation's gross domestic product?

Athe total value of the goods and services produced in the nation in a month
Bthe total value of the goods and services produced in the nation in a year
Cthe total number of goods and services produced in the nation in a year

Verified Answer :

TheOneDude123
Bthe total value of the goods and services produced in the nation in a year

Answer: Option 'b' is correct.

Step-by-step explanation:

Nation's gross domestic product is the total value of goods and services produced within the domestic territory in a year.

GDP can be calculated with the help of Expenditure's method, income method, and value added method.

It states the total volume of goods and service produced within the country.

Hence, Option 'b' is correct.

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