Gross Domestic Product at Market Price is the?

Market value of all final goods and services produced within a domestic territory of a country measured in a given financial year.

The correct answer is Option (2) → Market value of all final goods and services produced within a domestic territory of a country measured in a given financial year.

Option 1: Gross Domestic Product at market price less net product taxes. Incorrect This would give GDP at factor cost, not GDP at market price.
Option 2: Market value of all final goods and services produced within a domestic territory of a country measured in a given financial year. Correct This is the standard definition of Gross Domestic Product at Market Price (GDPMP)—it measures the total monetary value of all final goods and services produced within a country’s borders in a specific period.
Option 3: Expenditure to maintain the current GDP level. Incorrect This refers more to replacement investment or depreciation, not to GDPMP.
Option 4: Income earned by factors in the form of interest, profit, wages within the domestic territory of a country. Incorrect This describes factor income, which relates to GDP at factor cost, not GDP at market price.