WAEC Economics 2019 Objective — Question 31
Question 31 of 50 from the West African Examinations Council (WAEC) Economics 2019 Objective paper, with the correct answer and a full explanation.
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The total value of goods and services are produced within the borders of a country is
- A. net national product
- B. net domestic product
- C. gross domestic productCorrect
- D. gross national product
Explanation
Gross Domestic Product (GDP) is the total value of all goods and services produced within a country's geographical/domestic territory.
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