GDP is defined as (a) The market value of all goods and services produced in the domestic economy during the year ; (b) Current value of all the capital goods produced in the country. ; (c) Sum of goods and services exported during the year. ; (d) All the capital goods and consumable goods produced and sold during the year

1 Answer

Answer :

(a) The market value of all goods and services produced in the domestic economy during the year ; 

Related questions

Description : GDP can be defined as sum of the market value of the……….. (a) Final manufactured goods and services ; (b) Intermediate goods (c) Goods and services exported ; (d) Sub-standard goods and discarded services 

Last Answer : (a) Final manufactured goods and services ;

Description : Nominal GDP is (a) The total value of goods and services net of exports (b) The total value of goods and services produced during periods of low unemployment (c) The total value of goods and services measured at current prices (d) The total value of goods and services produced at full employment.

Last Answer : (c) The total value of goods and services measured at current prices

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Last Answer : (a) Domestic territory ;

Description : GDP at market prices is the sum of Consumption, Investment, Government Spending and Net Exports. „Net‟ exports is (a) Gross exports minus depreciation ; (b) Exports minus imports ; (c) Gross exports earnings minus capital inflow ; (d) Export minus imports of merchandize 

Last Answer : (b) Exports minus imports ;

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Last Answer : (b) Money value ; 

Description : What is Gross National Product: A. The total output of goods and services produced by the country’s economy B. The total domestic and foreign output claimed by residents of the country C. The sum of gross domestic product and investment

Last Answer : B. The total domestic and foreign output claimed by residents of the country

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Last Answer : A. Domestic territory

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Last Answer : (c) GDP deflator ; 

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Last Answer : (d) All the three

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Last Answer : (d) When subsidies exceeds indirect taxes. 

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Last Answer : (d) A house built in 2000 and first sold in 2006

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Last Answer :  (c) Zero

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Last Answer : (a) Depreciation ;

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Last Answer : (4) GNP Explanation: Gross National Product (GNP) is defined as "the market value of all goods and services produced in one year by labour and property supplied by the residents of a country. It is ... ), defined as "the value of all final goods and services produced in a country in I year."

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Last Answer : GNP

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Last Answer : ; (d) All the three are possible

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Last Answer : (a) GDP=GNP ; 

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Last Answer : (a) Net Domestic Product at factor cost ;

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Last Answer : ; (b) Indirect taxes ;

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Last Answer : Base year

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Last Answer : (b) Medium of exchange ;

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Last Answer : (c) Standard of value ;

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Last Answer : (d) Both (a) and (c) above.

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Last Answer : (b) It shows various combination of two goods which an economy can produce with a given amount of resources

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Last Answer : Need answer

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