What is a nation's gross domestic product?

Athe total value of the goods and services produced in the nation in a month

B.

the total value of the goods and services produced in the nation in a year

C. the total number of goods and services produced in the nation in a year

Nation's gross domestic product Is the total value of goods and services produced in a nation in a year

Answer: Option (B) Is correct.

explanation:

The Gross domestic product represents the total monetary value of goods and services produced in a year. It tells us about the health of an economy. GDP consists of all final goods and services. Final goods are those goods which are finally used by consumers.

GDP consists of consumption, investment, government spending, and net exports. GDP is an important indicator of an economy's growth. If GDP growth continues, then it might lead to inflation.