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What is the National Gross Domestic Prod...

What is the National Gross Domestic Product(GDP)?

A

The GDP that is calculated in terms of cryptocurrency.

B

The GDP that is calculated by taking a base year as a determinant.

C

The GDP that is calculated at the current market price.

D

The GDP that excludes all exports and imports in the calculation.

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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.
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PINNACLE-ECONOMICS-MCQ (NATIONAL INCOME, IFLATION, BUDGET, TAXATION AND GDP)
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  2. GST is NOT applicable on which of the following goods or services?

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

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

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

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

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

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

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

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  10. Which of the following relations is true ?

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

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  12. Which among the following regarding GST is correct?

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

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  14. Who among the following publishes the Economic Survey of India?

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  15. The aggregate value of goods and services produced in an economy can b...

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  16. A situation where the expenditure of the government exceeds its revenu...

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  17. What does GNP stand for?

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  18. Under which Amendment to the Constitution of India was Goods and Servi...

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  19. GST was introduced by which amendment act of the Constitution? GST को ...

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  20. Which of the following sectors of the economy has the highest share in...

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