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Railways PYQCBT 2 2017

RRB NTPC · Question 79

GDP is the total value of _____ during a specific period.

  1. all goods and services produced or sold

  2. all the finished goods and services produced within a country

  3. all intermediate goods and services produced or sold

  4. both intermediate and final goods and services produced within a country.

Show answer & explanation

Answer: (B) all the finished goods and services produced within a country

Explanation

GDP is the market value of all final goods and services produced within a country in a given period. Intermediate goods are excluded to avoid double counting.