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Q. The market value of all the final goods and services produced in the country during a period of one year is called as:
  • a)
    Gross National Product
  • b)
    Gross Domestic Product
  • c)
    Both (A) and (B)
  • d)
    Neither (A) nor (B)
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Q.The market value of all the final goods and services produced in the...
Gross domestic product (GDP) measures the economic growth of a country. It measures the market value of all final goods and services produced in the country during a period of one year.
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Q.The market value of all the final goods and services produced in the country during a period of one year is called as:a)Gross National Productb)Gross Domestic Productc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'B'. Can you explain this answer? for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Q.The market value of all the final goods and services produced in the country during a period of one year is called as:a)Gross National Productb)Gross Domestic Productc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Q.The market value of all the final goods and services produced in the country during a period of one year is called as:a)Gross National Productb)Gross Domestic Productc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'B'. Can you explain this answer?.
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