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The value of goods and services in terms...

The value of goods and services in terms of money is

A

`M_(1)`

B

NNP

C

GDP

D

PPP

Text Solution

Verified by Experts

The correct Answer is:
C
The value of all commodities and services could be measured in terms of money, but money cannot be measured through itself. Since money is used to measure and exchange the goods and services produced in any economy, it is better to evaluate money value in proportion of Gross Domestic Products (GDP). The value of GDP at Market Prices in proportion of Broad Money may reveal lowest value of Money whereas Value of GDP at Market Prices in proportion to currency with the public reveals the highest money value.
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