WBCS.LIVE practice question

Which of the following is used to measure the total output of goods and services in an economy including depreciation during a specific period within a country?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Net Domestic Product (NDP)
  2. Gross National Product (GNP)
  3. Net National Product (NNP)
  4. Gross Domestic Product (GDP)

Correct answer and explanation

Correct answer: Gross Domestic Product (GDP)