. GDP is the total value produced during a particular year

A: all goods and services

B: all final goods and services

C: all intermediate goods and services

D: all intermediate and final goods and services

Best Answer

Correct Option is: (B) all final goods and services


GDP stands for Gross Domestic Product.

GDP shows the economic strength of a nation.

Gross Domestic Product (GDP) measures the aggregate value of all the final goods and services produced by the primary, secondary and tertiary sector of a country in a financial year within the country's territory. 

GDP does not account for transfer payments, sale of used goods, illegal transactions, intermediate goods etc.

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