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What is Gross Domestic Product?

AThe total value of goods and services manufactured in the country

BThe total value of all the transactions in the country

CThe reduction in the total value of goods and services produced in the country

DThe monetary value of all finished goods and services made within a country during a specific period.

Answer:

D. The monetary value of all finished goods and services made within a country during a specific period.


Related Questions:

ഒരു രാജ്യത്തിൻ്റെ ആഭ്യന്തര അതിർത്തിക്കുള്ളിൽ ഒരു വർഷം ഉൽപാദിപ്പിച്ച എല്ലാ അന്തിമ സാധനങ്ങളുടെയും സേവനങ്ങളുടെയും ആകെ പാണാത്മക മൂല്യമാണ് ?

Which statement is correct for nominal GDP?

i.Nominal GDP is calculated based on current prices.

ii.Nominal GDP is calculated based on the base prices.

iii.Data on Nominal GDP shows an accurate picture of the economy as compared to real GDP.

GDP - യുടെ ഘടക ചിലവ് ?
സാമ്പത്തിക വളർച്ച അളക്കുന്ന പ്രധാന അളവുകോൽ ഏതാണ് ?

With reference to the Gross Domestic Product, which of the following statements is/are correct?

1. It is the value of the all-final goods and services produced within the boundary of a nation during one year period.

2. It is calculated by adding national private consumption, gross investment, government spending and trade balance.