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Items Excluded in GDP

Measure of ma...

Question

Measure of market value of all goods and services produced in a country is called _______.

A

NNP

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B

GDP

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C

GNP

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D

Forex reserves

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Solution

The correct option is A GDP
GDP is the measure of market value of all goods and services produced in a country. NNP stands for Net National Product and GNP stands for Gross National Product which are not measures of value of all goods and services produced within the country.

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