MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Economic Development and Its Indicators

While calcula...

Question

While calculating the gross domestic product or GDP of a country, data of how many years regarding the production of goods and services is considered?

A

One

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

B

Three

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

C

Two

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

D

Five

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

Open in App

Solution

The correct option is A One

Suggest Corrections

thumbs-up

0

Similar questions

Q. 1. Consider the following statements:
i) Emission Intensity is calculated by dividing ‘Total greenhouse gas (GHG) emissions’ by ‘Total Gross Domestic Product (GDP)’ of a country.
ii) Goal of reducing Emissions intensity of GDP allows a country to reduce its emissions even while its GDP grows.
Which of the above statements is/are correct?

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

Q.  Consider the following statements with reference to Gross National Product:

1. It is the total value of all finished goods and services produced by a country's citizens in a given financial year.
2. Income from overseas investments by a citizen of a country is not considered while calculating GNP.

Which of the above is/are true

Q. Countries across the globe produce various goods. For such countries, the production of which of the following should be considered for the calculation of GDP?

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

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

15C11B11S06IAV04 1080p RF 25 Metaphase I: Anaphase and Telophase

ECONOMICS

Watch in App

explore_more_icon

Explore more

Economic Development and Its Indicators

Standard IX Economics

Join BYJU'S Learning Program

CrossIcon