Gross domestic product is the monetary value of all final goods, services, and structures
produced within a country’s national borders during a one-year period.

question 9 options:
true
false

The answer is TRUE!

Of course, there is more to say about the subject, for example; it can also be said that GDP has to do with the contributions from each industry or sector of the economy. Many consider GDP as the most powerful indicator of national development and progress.

Explanation:

It can be determined in at least 3 ways. You can calculate the GDP with the production approach, income approach and expenditure approach. Each of them would give a different view of the economy of a country and would serve to identify if the economics policy needs to be adjusted.

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