Question

The total value of all final goods and services produced within a country in a particular year is called ______.

Options

• Per Capita Income

• Per Capita Production

• Gross National Income

• Gross Domestic Production

Answer 1

The total value of all final goods and services produced within a country in a particular year is called Gross Domestic Production.

Explanation:

The total value of all final goods and services produced within a country during a given year is referred to as Gross Domestic Product (GDP) is the closest choice (the standard wording is Product). This definition and term are used in national accounts.