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In History / High School | 2014-09-25

The total market value of all goods and services produced in a nation's economy (excluding foreign investments) is its __________.

Asked by MadonnaPody

Answer (2)

The total market value of all goods and services produced in a nation's economy is considered Gross Domestic Product or GDP. This is viewed as a major economic indicator of a nations prosperity and wealth.

Answered by Gibbs | 2024-06-10

The total market value of all goods and services produced in a nation's economy, excluding foreign investments, is known as Gross Domestic Product (GDP). GDP serves as a vital indicator of a nation's economic health, calculated through various approaches including the expenditure method. It reflects the performance and growth of an economy over a specified time period.
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Answered by Gibbs | 2024-12-26

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