Which Term Defines the Market Value of Goods and Services

question 28

Multiple Choice

Which term defines the market value of goods and services produced in a country for use within a year (expressed in dollars) ? 

• A) gross domestic product 
• B) gross national product 
• C) per capita GNP 
• D) per capita GDP

---

Definitions:

Merit Pay

Merit pay is a compensation approach that rewards employees based on their performance as assessed through evaluations, aiming to encourage higher levels of output.

Developmental Reasons

Underlying causes or motives related to growth, progress, or change in an individual or organization.

Performance Appraisals

The evaluation process through which employee performance is assessed, typically on an annual or semi-annual basis.

Reliable

The quality of being consistently good in performance, accuracy, or durability, often used to describe products, services, or sources of information.