GDP is the total market value of final goods and services produced within the country's border in a specific time period.

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A True

Suggest Corrections

Similar questions

GDP is the total money value of all final goods and services produced in a country in a year.

Q. "A monetary measure of the market value of all the final goods and services produced in a country in a specific time period" is a definition of which term?

Q. GDP is the total value of all goods and services produced in a country in a year of :

Q. In economic terms, the total market value of all final goods and services produced in a country in a given year is known as ___

Market price of the final goods and services (including depreciation) produced within the domestic territory of a country during an accounting year, is called :

Join BYJU'S Learning Program