What does real GDP mean?
(A) final goods and services produced in an economy in a year
(B) goods and services produced in an economy in a year
(C) final goods produced in an economy in a year
(D) goods produced in an economy in a year
Correct Answer : final goods and services produced in an economy in a year
Question Asked : Bihar Police Sub Inspector Prelims Exam 2018
Gross Domestic Product (GDP) is the broadest quantitative measure of a nation's total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time.
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