GDP stands for ________?
Correct answer: C. Gross Domestic Product
- A. Global Demand for Production
- B. Global Petroleum Corporation
- C. Gross Domestic Product
- D. General Demand for Production
Explanation
GDP means Gross Domestic Product, the monetary value of final goods and services produced within a country during a specified period. “Domestic” refers to production inside the country’s borders, regardless of the producer’s nationality.
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About Abbreviations
Abbreviations covers the full forms and meanings of shortened names used in science, medicine, technology, education, government, finance, law, communication and international affairs. It includes initials, acronyms and standard symbols, with attention to similar abbreviations whose meanings change according to their professional or institutional context.
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