Which of the following terms describes the total value of all goods and services produced in a country in a year?(2 points)

Question

Responses

Gross Domestic Product (GDP)
Gross Domestic Product (GDP)

Comparative Advantage
Comparative Advantage

Productivity
Productivity

Free Trade

Answer 1

The term that describes the total value of all goods and services produced in a country in a year is Gross Domestic Product (GDP).