Question

Countries across the globe produce various goods. For such countries, the production of which of the following should be considered for the calculation of GDP?

• A. Production of two-wheelers
• B. Iron and steel used by the automobile manufacturing plant
• C. Telecommunication services within the country
• D. Production of flowers and vegetables in the country

Answer 1

Answer: (A), (C), (D)

Production of flowers and vegetables in the country

The GDP of a country is calculated by considering the final monetary value of both goods and services produced in a year. It includes the production of agricultural products like rice, wheat, and vegetables or the manufacturing of goods like two-wheelers. It also includes services like telecommunication and consultation.