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What is Gross Domestic Product?

AThe total value of goods and services manufactured in the country

BThe total value of all the transactions in the country

CThe reduction in the total value of goods and services produced in the country

DThe monetary value of all finished goods and services made within a country during a specific period.

Answer:

D. The monetary value of all finished goods and services made within a country during a specific period.


Related Questions:

The net value of GDP after deducting depreciation from GDP is?
The net value of GDP after deducting depreciation from GDP is?

With reference to the Gross Domestic Product, which of the following statements is/are correct?

1. It is the value of the all-final goods and services produced within the boundary of a nation during one year period.

2. It is calculated by adding national private consumption, gross investment, government spending and trade balance.

കേന്ദ്ര സ്റ്റാറ്റിസ്റ്റിക്കൽ മന്ത്രാലയം പുറത്തുവിട്ട റിപ്പോർട്ട് പ്രകാരം 2023-24 സാമ്പത്തിക വർഷത്തെ അവസാന പാദത്തിൽ (2024 ജനുവരി മുതൽ മാർച്ച് വരെ) നേടിയ വളർച്ച എത്ര ?
ഫാക്ടർ ചെലവിൽ GDP എന്തിനു തുല്യമാണ് ?