Hauser's law states that federal tax revenues stay around a constant percentage of this value. A three percent rise in this value will cause a one percent fall in unemployment according to Okun's law. This quantity's namesake deflator is calculated by dividing the nominal value of this quantity by its real value. For a European country to join the Eurozone, its national debt must be less than sixty percent of this value. This value can be found by adding up either a country's expenditures or its total population's income. A percent change in this value is used to measure economic growth. For 10 points, name this market value of all final good
Hauser's law states that federal tax revenues stay around a constant percentage of this value. A three percent rise in this value will cause a one percent fall in unemployment according to Okun's law. This quantity's namesake deflator is calculated by dividing the nominal value of this quantity by its real value. For a European country to join the Eurozone, its national debt must be less than sixty percent of this value. This value can be found by adding up either a country's expenditures or its total population's income. A percent change in this value is used to measure economic growth. For 10 points, name this market value of all final goods and services produced within a country
Hauser's law states that federal tax revenues stay around a constant percentage of this value.
gross domestic product [or GDP; prompt on "net economic output" or "net national economic output"; do not prompt on or accept "gross national product" or "GNP"]