. 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
Explanation:
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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