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Byju's Answer
Standard XII
Economics
GDP
GDP is the to...
Question

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

A
All goods and services
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B
All final goods and services
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C
All intermediate goods and services
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D
All countable goods
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Solution

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.

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