What statistic measures the dollar value of final goods and services produces in a country during a year?

The statistic that measures the dollar value of final goods and services produced in a country during a year is called Gross Domestic Product (GDP). GDP represents the total economic output of a nation and is often used as an indicator of a country's economic health and performance. It can be calculated using three approaches: production, income, or expenditure, and is typically reported in nominal or real terms.