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SSC GD 2021 PYQ — Question 33

SSC GD Constable (English) - 16th November 2021 Shift 2 • General Awareness • Q33

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The money value of all the final goods and services produced within the country during a particular year is called _________.

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Correct answer: D

Explanation

The correct answer is Option 4 i.e. gross Domestic Product.

  • GDP stands for "Gross Domestic Product" and represents the total monetary value of all final goods and services produced (and sold on the market) within a country during a period of time (typically 1 year).
  • GDP is the most commonly used measure of economic activity.
  • GDP = private consumption + gross private investment + government investment + government spending + (exports – imports).