Which economic indicator measures the total market value of all final goods and services produced within a country in a specific period?
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Gross Domestic Product (GDP)
GDP can be calculated by adding up everyone's income or by adding up what everyone spent, as one person's spending is another's income. It is the most common 'health check' used to compare the size of different national economies.
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- What economic 'health check' represents the total market value of all final goods and services produced within a country?