Question

The total money value of final goods and services produced in a year is called:

पर्याय

• Gross National Product (GNP)

• Gross Domestic Product (GDP)

• Net National Income

• Per Capita Income

Answer 1

Gross Domestic Product (GDP) is defined as the total money value of final goods and services produced in a year. GNP is a broader measure because it adds net foreign earnings to GDP.