🎓 IB Exam Prep

What is GDP (Gross Domestic Product)?

A The total value of imports
B The total market value of all goods and services produced within a country in a given period
C The government's annual budget
D The total population of a country

✓ Correct Answer: Option B

GDP measures the total monetary value of all final goods and services produced within a country's borders in a specific time period.

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