Gross domestic product (GDP) is the
A. total market value of goods and services consumed in a year.
B. total market value of goods and services provided in an economy in a year by both residents and nonresidents of that country.
C. manufacturers' selling price of goods (but not services) produced in a year.
D. total market value of goods (but not services) produced in an economy in a year.
E. None of these answers is correct.
Answer: B
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