Question:

The Gross Domestic Product (GDP) may be defined as :

Updated On: Mar 15, 2024
  • Market value of final goods and services produced in the economy plus income earned locally by the foreigners minus income earned aboard by the Nationals
  • The value of all final Goods and services produced during specific period plus income earned abroad by the nationals minus incomes earned locally by the foreigners.
  • Gross National product minus depreciation.
  • Net domestic product plus depreciation.
Hide Solution
collegedunia
Verified By Collegedunia

The Correct Option is A

Solution and Explanation

The correct answer is (A) : Market value of final goods and services produced in the economy plus income earned locally by the foreigners minus income earned aboard by the Nationals.
Was this answer helpful?
0
0