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Answer :
The total market volume of all finished goods and services created over a given time period in a country. The market value is what the word GDP refers to by its own definition.
Describe GDP MCQ.
Gross Domestic Product, sometimes known as GDP, is the monetary total of all products and services generated inside a nation's borders over a specific time period. It serves as a gauge for "economic size."
What's the GDP response?
The sum of all value created produced inside an economy is measured as GDP. The value added is the difference between the price of the produced goods and services and the price of the commodities and services required to make them, or what is known as intermediate consumption.
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