Question : It refers to the total money value of all goods and services produced in a country in a year.
Option 1: Gross domestic product
Option 2: Gross national product
Option 3: Net national product
Option 4: Net domestic product.
Correct Answer: Gross domestic product
Solution : Gross domestic product refers to the total money value of all goods and services produced in a country in a year. Hence Option A is correct.
Question : ______ is the market value of all final goods and services produced within a domestic territory of a country measured in a year.
Question : Which of the following represents the value of all goods and services produced within the domestic boundaries of a country?
Question : ______ is the monetary value of all final goods and services produced within a country in a specific time period.
Question : Which of the following represents the value of all goods and services produced by the citizens of a country, whether within the country or abroad?
Question : Which of the following is a measure of national income that takes into account the value of goods and services produced by a country's residents both domestically and abroad?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile