Concept:GDP (Gross Domestic Product) is the total market value of all final goods and services produced within a country’s borders during a specific period, like a year or quarter.
Explanation:GDP counts only final products to avoid double counting. It includes goods and services made by anyone inside the country, including foreign companies.
There are three ways to calculate GDP: production (value added), income (wages, profits), and expenditure (consumption, investment, government spending, net exports).
GDP does not measure total citizens' income – that is GNI (Gross National Income).
It does not measure total savings or exports alone; exports are just one part of expenditure.
Therefore, the correct description is the total value of final goods and services produced in a country.
Answer:B. The total value of final goods and services produced in a country