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What is Gross Domestic Product (GDP)?
  • a)
    The total value of goods and services produced within a country and measured at constant prices.
  • b)
    The total value of goods and services produced within a country and measured at market prices.
  • c)
    The total value of exports minus imports of a country.
  • d)
    The total value of goods and services produced by foreign companies within a country.
Correct answer is option 'B'. Can you explain this answer?
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What is Gross Domestic Product (GDP)?a)The total value of goods and se...
Gross Domestic Product (GDP) is the total value of goods and services produced within a country during a specific period, usually a year, and is measured at market prices. It encompasses all final goods and services produced within a country's borders and is a crucial indicator of economic activity.
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What is Gross Domestic Product (GDP)?a)The total value of goods and services produced within a country and measured at constant prices.b)The total value of goods and services produced within a country and measured at market prices.c)The total value of exports minus imports of a country.d)The total value of goods and services produced by foreign companies within a country.Correct answer is option 'B'. Can you explain this answer?
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What is Gross Domestic Product (GDP)?a)The total value of goods and services produced within a country and measured at constant prices.b)The total value of goods and services produced within a country and measured at market prices.c)The total value of exports minus imports of a country.d)The total value of goods and services produced by foreign companies within a country.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is Gross Domestic Product (GDP)?a)The total value of goods and services produced within a country and measured at constant prices.b)The total value of goods and services produced within a country and measured at market prices.c)The total value of exports minus imports of a country.d)The total value of goods and services produced by foreign companies within a country.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is Gross Domestic Product (GDP)?a)The total value of goods and services produced within a country and measured at constant prices.b)The total value of goods and services produced within a country and measured at market prices.c)The total value of exports minus imports of a country.d)The total value of goods and services produced by foreign companies within a country.Correct answer is option 'B'. Can you explain this answer?.
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