Which term refers to the total value of all goods and services produced within a given period by a national economy through domestic factors of production?
A) Standard of living
B) Aggregate output
C) Gross domestic product
D) Gross national product
E) Purchasing power parity
Answer: C
Explanation: C) Gross domestic product is the total value of all goods and services produced within a given period by a national economy through domestic factors of production.
Business
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