Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

General Awareness

Question:

_________ is the final value of the goods and services produced within the geographical boundaries of a country during a year.

Options:

Gross Domestic Product (GDP)

Net Domestic Product (NDP) 

Gross National Product (GNP) 

The Net National Product (NNP)

Correct Answer:

Gross Domestic Product (GDP)

Explanation:

The correct answer is Option (1) - Gross Domestic Product (GDP)

GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year. GDP growth rate is an important indicator of the economic performance of a country.