Question

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

• 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
• B. 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.
• C. Gross National product minus depreciation.
• D. Net domestic product plus depreciation.

Answer 1

The Correct Option is A

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.