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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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?

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Test: Class 12 Economics: CBSE Sample Question Papers- Term I (2021-22)

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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?

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