THE TOTAL MARKET VALUE OFALL FINAL GOODS AND SERVICES PRODUCED WITHIN A COUNTRY IN A GIVEN PERIOD OF TIME IS a. net national product b. national income c. gross nationa product d. gross domestic product

The correct answer is d. gross domestic product (GDP).<br /><br />Gross domestic product (GDP) is the total market value of all final goods and services produced within a country in a given period of time. It is a measure of the economic performance of a country and is commonly used to assess the size and growth of an economy.<br /><br />GDP includes the value of all goods and services produced within a country's borders, regardless of whether the producers are domestic or foreign-owned. It does not include the value of intermediate goods, which are goods used in the production of final goods and services, to avoid double-counting.<br /><br />The other options provided are not correct:<br /><br />a. Net national product (NNP) is the gross domestic product (GDP) minus depreciation. It represents the net value of goods and services produced by a country's residents, both domestically and abroad.<br /><br />b. National income is the total income earned by the residents of a country, including wages, profits, rents, and taxes, minus subsidies.<br /><br />c. Gross national product (GNP) is the total market value of all final goods and services produced by the residents of a country, both domestically and abroad, in a given period of time. It includes the value of goods and services produced by a country's residents, regardless of whether they are located within the country or abroad.