wiz-icon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

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

A
GNI
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
GDP
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Inflation
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
PPP
No worries! We‘ve got your back. Try BYJU‘S free classes today!
E
Wealth of a nation
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B GDP
In economic terms, the total market value of all final goods and services produced in a country in a given year is known as Gross Domestic Product (GDP).

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Importance of Transport
GEOGRAPHY
Watch in App
Join BYJU'S Learning Program
CrossIcon