The value of all final goods and services produced in the country within a given period is called:

CA Foundation · Business Economics · PYQS · January 2025
The value of all final goods and services produced in the country within a given period is called:
(A) A. National Income
(B) B. Gross Domestic Product (GDP)
(C) C. Net National Product (NNP)
(D) D. Gross National Product (GNP)

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Gross Domestic Product (GDP)

Topics: Determination of National Income

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