Question

Which economic indicator is the measure of all goods and services produced within a given economy in one year? trade deficit trade surplus gross domestic product (GDP) purchasing power parity (PPP).

Answer 1

The economic indicator which is the measure of all goods and services produced within a given economy in one year is:

• B. Gross domestic product (GDP)

According to the given question, we are asked to state the economic indicator which is the measure of all goods and services produced within a given economy in one year.

As a result of this, we can see that the GDP of a country is the measure which shows the monetary value of the goods and infrastructure within an economy and how it has either grown or reduced in a specific time period, usually in one year intervals.

Therefore, the correct answer is option B

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Answer 2

Answer:

gross domestic product (GDP)

Explanation:

b