Question

What is the term for the total value of all goods and services produced in a particular economy?
a.
net worth
c.
gross domestic product
b.
open market value
d.
standard of living

Answer 1

Net Worth: "In business, net worth is the total assets minus total outside liabilities of an individual or a company."

Gross Domestic Product: "The total value of goods produced and services provided in a country during one year."

Open Market Value: "The best price which might reasonably be expected to be obtained at arms' length for an interest in a property at the date of valuation, subject to any statutory assumptions which may be required."

Standard of Living: "The degree of wealth and material comfort available to a person or communi"

SOURCE: http://wikipedia.org/

I think with the definitions I put above, you can figure out which one is the answer. c;

Answer 2

May I get a medal please? ;c

Answer 3

@ericaceee_