General Knowledge

Economy

Easy

What is Gross Domestic Product (GDP)?

Value of all goods and services produced during a particular year

All intermediate goods and services produced during a particular year

Value of all final goods and services produced within a country during a particular year

All intermediate and final goods produced during a particular year

✅ Correct Option: 3

GDP counts only final goods and services, and only those produced within a country's borders in a given period. Including intermediate goods would double count their value, since it is already embedded in the price of the final good.

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What does an increase in a country's exchange rate implies in terms of foreign currency?

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Which apex public policy think tank of the Government of India acts as the nodal agency tasked with catalyzing economic development?

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Indian GST came into force with effect from:

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Which of the following Public Sector Enterprises (PSEs) has been declared as Maharatana by the Government of India?

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The Headquarters of the World Trade Organisation is located in which of the following country?

What is Gross Domestic Product (GDP)?

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