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SSC CHSL 2019 PYQ — Question 36

SSC CHSL - 8th July 2019 - Shift 1 • General Awareness • Q36

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__________ is the final value of all the finished goods and services produced within a country's borders in a specific time period.

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Correct answer: C

Explanation

The correct answer is option 3 i.e. Gross Domestic Product.

Gross Domestic Product is the final value of all the finished goods and services produced within a country's borders in a specific time period.

Gross Domestic Product: Gross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period.

Other terms:

  • Government revenue: Government revenue is the money received by a government from taxes and non-tax sources to enable it to undertake government expenditures.

  • Net National Product: The total value of goods produced and services provided in a country for one year, after depreciation of capital goods has been allowed for.

  • Gross National Product: The total value of goods produced and services provided by a country during one year, equal to the gross domestic product plus the net income from foreign investments.