Due to globalization, the of countries increases because of an increase in the production of goods and services.
A
gross domestic product
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
infectious diseases
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
foreign currency reserves
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
travel and tourism
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is A gross domestic product Globalization allows multinational companies to operate in different countries. This increases the production of goods and services or the gross domestic product of the country where it operates. When an excess of goods and services is produced, if any are exported to other countries, the foreign currency reserves also increase.