GDP refers to

A) the amount of personal disposable income in the economy.
B) the difference between government spending and government revenues.
C) the total manufacturing output in the economy.
D) the total production of goods and services in the economy.
E) None of the options are correct.

GDP

Gross Domestic Product, the total market value of all goods and services produced within a country in a specific time period, used as a broad measure of overall economic performance.

Personal Disposable Income

The amount of money that individuals have available for spending and saving after income taxes have been accounted for.

Manufacturing Output

The total value or volume of goods and products produced within a manufacturing sector in a specific period.