What is the best definition of gross domestic product, or GDP?
A.
money paid to the government in taxes to support public goods and services
B.
the value of all goods and services produced within domestic borders
C.
the value of exports minus the total value of imports
D.
a period of decline in overall income and employment
1 answer
The best definition of gross domestic product, or GDP, is B. the value of all goods and services produced within domestic borders.
1 answer