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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Question : If we deduct depreciation from GNP (gross national income), the measure of aggregate income that we obtain is called _____________.
Question : What is the Net National Product?
Question : Gross National Product - Depreciation Allowance = ?
Question : The Gross domestic product (GDP) estimation method measuring the aggregate value of goods and services produced by the firms is called _______.
Question : Net Investment plus Depreciation gives an estimate of which of the following?
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