The total value of all goods and services produced in a country in a year is called Gross Domestic Product (GDP).
The total value of all goods and services produced in a country in a year is called Gross Domestic Product (GDP). To determine the GDP of a country, you need to consider the monetary value of all final goods and services produced within its borders over a specific period, usually a year. This includes all consumer goods, business investments, government spending, and net exports (exports minus imports). GDP is an essential measure of a nation's economic performance and is commonly used to compare economic growth between different countries or over time within a particular country.
