What is the sum total of market value of final goods and services created within the geographical boundary of a country in a particular year? Option 1: Gross National Product (GNP) Option 2: Gross Domestic Product (GDP) Option 3: Net National Product (NNP) Option 4: Liberalisation, Privatisation, Globalisation (LPG)

The answer is 'Gross Domestic Product (GDP)'. View full solution:

CUET Economics - What is the sum total of market value of final goods and services created within the geographical boundary of a country in a particular year? | PYQs + Solutions

CUET Economics 2026 21st May Shift 1

Macro

Easy

Gross National Product (GNP)

Gross Domestic Product (GDP)

Net National Product (NNP)

Liberalisation, Privatisation, Globalisation (LPG)

✅ Correct Option: 2

Related questions:

27 May Shift 2

Match List-I with List-II

List-I	List-II
(A) GVA at Market Prices	(I) GVA at basic prices - Net Production Taxes
(B) GVA at basic prices	(II) NNPMP - Net Product Taxes - Net Production Taxes
(C) GVA at factor cost	(III) GDP at market prices
(D) National Income (NI)	(IV) GVAMP - Net Product Taxes

Choose the correct answer from the options given below:

13 May Shift 2

What government planned for different economic activities is an application of which of the following?

11th May Shift 2

Which of the following will be included in the estimation of National Income of India?