Question : ____________ measures the aggregate production of final goods and services taking place within the domestic economy during a year.
Option 1: Gross national income
Option 2: Gross domestic product
Option 3: Net national product
Option 4: National income at factor price
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Correct Answer: Gross domestic product
Solution : The correct answer is Gross domestic product .
Gross Domestic Product (GDP) measures the aggregate production of final goods and services taking place within the domestic economy during a specific time, typically in a year. GDP is a key indicator of the overall economic health and performance of a country.
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