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
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.
Related Questions
Know More about
Staff Selection Commission Combined Grad ...
Result | Eligibility | Application | Selection Process | Preparation Tips | Admit Card | Answer Key
Get Updates Brochure
Your Staff Selection Commission Combined Graduate Level Exam brochure has been successfully mailed to your registered email id “”.
