What is a nation's gross domestic product?
a. the total value of the goods and services produced in the nation in a month
b. the total value of the goods and services produced in the nation in a year
c. the total number of goods and services produced in the nation in a year

Respuesta :

B. the total value of the goods and services produced in the nation in a year

Answer: Option 'b' is correct.

Step-by-step explanation:

Nation's gross domestic product is the total value of goods and services produced within the domestic territory in a year.

GDP can be calculated with the help of Expenditure's method, income method, and value added method.

It states the total volume of goods and service produced within the country.

Hence, Option 'b' is correct.