Question
What is gross domestic product?
average quantity of goods manufactured in a country in a year
total value of goods and services produced in a country in a year
total income of businesses and workers within a country in a year
average rate of manufacturing expansion in a country in a year
average quantity of goods manufactured in a country in a year
total value of goods and services produced in a country in a year
total income of businesses and workers within a country in a year
average rate of manufacturing expansion in a country in a year
Answers
GPT-4o mini
Gross Domestic Product (GDP) is defined as the **total value of goods and services produced in a country in a year**. It measures the economic performance of a country and provides a comprehensive overview of its economic activity. GDP can be calculated using various approaches, including production, income, and expenditure methods.