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A country's gross domestic product for a given time period is the total market value of _____.(1 point)

Responses

all finished goods and services produced within the country's borders
all finished goods and services produced within the country's borders

all goods and services produced by the country's residents
all goods and services produced by the country's residents

all goods and service produced within the country's borders
all goods and service produced within the country's borders

all finished goods and services produced by the country's residents

1 answer

The correct response is:

all finished goods and services produced within the country's borders

This definition captures the essence of Gross Domestic Product (GDP), which measures the total market value of all final goods and services produced in a country during a specific period, regardless of who produces them.