Home
Class 14
GENERAL KNOWLEDGE
is the final value of all the finished g...

_____ is the final value of all the finished goods and services produced within a country’s borders in a specific time period.

A

Government revenue

B

Net National Product

C

Gross Domestic Product

D

Gross National Product

Text Solution

Verified by Experts

The correct Answer is:
C

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country.s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of the country’s economic health.
Promotional Banner

Topper's Solved these Questions

  • ECONOMICS

    PINNACLE|Exercise MCQ (INTERNATIONAL ORGANISATIONS)|5 Videos
  • ECONOMICS

    PINNACLE|Exercise MCQ (GOVERNMENT SCHEMES)|4 Videos
  • ECONOMICS

    PINNACLE|Exercise MCQ (COSTS, PRODUCTION,CONSUMPTIONS AND MARKET)|20 Videos
  • CURRENT AFFAIRS

    PINNACLE|Exercise SCHEMES & PROJECTS|40 Videos
  • GEOGRAPHY

    PINNACLE|Exercise WORLD GEOGRAPHY AND MAP|3 Videos

Similar Questions

Explore conceptually related problems

Which of the following is the value of all finished goods and services produced in a country in one year by its nationals.

In economic terms, the total market value of all final goods and services produced in a country in a given year is known as

Consider the following statements about Gross Domestic Product : 1.It is the market value of all final goods and services made within the country in a stipulated period of time. Which of the statements given above is/are correct ?

PINNACLE-ECONOMICS-MCQ (NATIONAL INCOME, IFLATION, BUDGET, TAXATION AND GDP)
  1. Name the Nobel Prize winning American economist whose report to the US...

    Text Solution

    |

  2. Which one of the following brings out an annual publication titled 'Na...

    Text Solution

    |

  3. is the final value of all the finished goods and services produced wit...

    Text Solution

    |

  4. Which of the following are the major state taxes in India?

    Text Solution

    |

  5. How many members are there in the GST Council?

    Text Solution

    |

  6. What is the meaning of Fiscal Deficit ?

    Text Solution

    |

  7. Fiscal Policy is formulated by in India.

    Text Solution

    |

  8. GST council is headed by :

    Text Solution

    |

  9. GST is NOT applicable on which of the following goods or services?

    Text Solution

    |

  10. What is the National Gross Domestic Product(GDP)?

    Text Solution

    |

  11. In which year, the first Gender Budget Statement appeared in the Union...

    Text Solution

    |

  12. The financial resources of an economy cannot be mobilized by

    Text Solution

    |

  13. is a type of direct Tax which is levied at the time of sale/purchase o...

    Text Solution

    |

  14. Which of the following statements regarding Goods and Services Tax is ...

    Text Solution

    |

  15. Which among the following indirect taxes is charged by the Central Gov...

    Text Solution

    |

  16. Current Account of Balance of payments does NOT include which of the f...

    Text Solution

    |

  17. Which of the following relations is true ?

    Text Solution

    |

  18. Which of the following statements is true regarding disinflation ?

    Text Solution

    |

  19. Which among the following regarding GST is correct?

    Text Solution

    |

  20. Which of the following may be classified as a 'Pigouvian tax'?

    Text Solution

    |