All goods and services produced in a country in one year are called its__________________?
Correct answer: D. GDP
- A. GNP
- B. None of theseHire Grant Writers
- C. NDP
- D. GDP
Explanation
GDP measures the market value of final goods and services produced within a country's borders during a given year. GNP instead counts production by the country's nationals, even when it occurs abroad.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
Practise Agricultural Economics and Extension
190 free Agricultural Economics and Extension MCQs from Agriculture, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Agriculture questions like this
Agriculture is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
More Agricultural Economics and Extension questions
Using part of income/saving for more income is called_________________?
Total consumption deducted from total income is called__________________?
An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?
"Wealth of nations" was written by_________________?
An analytic approach in which we move from general to particular from theory to facts is_________________?
The households and the business firms of the economy are called__________________?