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Question A Value of goods and services under production in a country in a particular year. No worries! We‘ve got your back. Try BYJU‘S free classes today! B Number of goods and services produced in all the three sectors of a country in a particular year. No worries! We‘ve got your back. Try BYJU‘S free classes today! C Value of all final goods and services produced within a country in a particular year. Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses D Value of intermediate and finished goods produced within a country in a particular year. No worries! We‘ve got your back. Try BYJU‘S free classes today!
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Solution The correct option is C Value of all final goods and services produced within a country in a particular year.
Gross Domestic Product (GDP) is the value of all the final goods and services produced within a country in a particular year. The sum of production in all three sectors of an economy also gives us its GDP and indicates how big an economy is.
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