3
QuizMultiple Choice

Measuring the Economy

Question 3 • VT-GA-EOC-Personal Finance & Economics A ULHS

The final dollar value of all the goods and services produced within a country's borders in a given year is the _________.

Answer
A
national inflation rate
B
gross domestic product
C
nation's unemployment rate
D
market basket of consumer goods

Explanation

Gross domestic product (GDP) is the total market value of final goods and services produced within a country’s borders during a specific period, such as one year. The question describes this measure, so the correct choice is gross domestic product. Inflation and unemployment are separate economic measures, while a market basket is a group of goods and services used to track prices.

AI-written and checked against the verified answer.

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