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Gross Domestic Product (GDP) is defined as the value of all
  • a)
    Goods produced in an economy in a year
  • b)
    Goods and services in an economy in a year
  • c)
    Final goods produced in an economy in a year
  • d)
    Final goods and services produced in an economy in a year
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Gross Domestic Product (GDP) is defined as the value of alla)Goods pr...
The gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period; you can think of it as the size of the economy.
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Gross Domestic Product (GDP) is defined as the value of alla)Goods produced in an economy in a yearb)Goods and services in an economy in a yearc)Final goods produced in an economy in a yeard)Final goods and services produced in an economy in a yearCorrect answer is option 'D'. Can you explain this answer?
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Gross Domestic Product (GDP) is defined as the value of alla)Goods produced in an economy in a yearb)Goods and services in an economy in a yearc)Final goods produced in an economy in a yeard)Final goods and services produced in an economy in a yearCorrect answer is option 'D'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Gross Domestic Product (GDP) is defined as the value of alla)Goods produced in an economy in a yearb)Goods and services in an economy in a yearc)Final goods produced in an economy in a yeard)Final goods and services produced in an economy in a yearCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Gross Domestic Product (GDP) is defined as the value of alla)Goods produced in an economy in a yearb)Goods and services in an economy in a yearc)Final goods produced in an economy in a yeard)Final goods and services produced in an economy in a yearCorrect answer is option 'D'. Can you explain this answer?.
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