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Which economic factor refers to the total value of goods and services produced in a country during a specific period?
  • a)
    Economic conditions
  • b)
    Gross domestic product
  • c)
    Per capita income
  • d)
    Capital formation
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which economic factor refers to the total value of goods and services ...
Gross domestic product (GDP) refers to the total value of goods and services produced in a country during a specific period, usually a year. It is an important economic indicator that reflects the overall economic activity and growth of a country.
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Which economic factor refers to the total value of goods and services produced in a country during a specific period?a)Economic conditionsb)Gross domestic productc)Per capita incomed)Capital formationCorrect answer is option 'B'. Can you explain this answer?
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