Gross Domestic Product is best described as a measure of a nation's total economic well-being the sum of money values of all final goods produced in the domestic economy during the year the sum of money values of all final goods and services produced in the domestic economy during the year the sum of money values of all final goods and services produced in the domestic economy and also Americans abroad during the year Suppose that the unskilled labor market is in equilibrium at a wage rate of $7. Then if a minimum wage is imposed at $10, economic theory predicts that O quantity of labor supplied will rise all unskilled workers will be hurt quantity of labor demanded will rise all unskilled workers will benefit