Question

GDP is the total value of _____________ produced during a particular year.

• A. All goods and services
• B. All final goods and services
• C. All intermediate goods and services
• D. All countable goods

Answer 1

The correct option is B All final goods and services

• GDP is the total value of all final goods and services produced during a particular year in a definite territory.
• GDP can be calculated at market price or factor cost.
• INDIA - GDP- 1.877 Trillion USD.