Gross domestic product (GDP) in an economy gives ________.

qualitative aspect

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quantitative aspect

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both A and B

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none of the above

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Solution

The correct option is A quantitative aspect
Gross Domestic Product is the broad quantitative measure of economic activity

It is the measure of the market value of all final goods and services produced in a year.

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Similar questions

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Which of the above statements is/are correct?

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Gross domestic product (GDP) in an economy gives ________.

The correct option is A quantitative aspectGross Domestic Product is the broad quantitative measure of economic activity It is the measure of the market value of all final goods and services produced in a year.

The correct option is A quantitative aspect
Gross Domestic Product is the broad quantitative measure of economic activity

It is the measure of the market value of all final goods and services produced in a year.