07. GDP stands for Gross Domestic Product What does it show? Pick up the correct statement given below
shows how big is the economy of a country in a given year in terms of its total output
shows the sum of intermediate and final goods produced in a country in a given year
It shows the number of people involved in production in a particular year
It shows the total value of trade trans-actions of a country in a particular year
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Explanation:
It shows how big is the economy of a country in a given year in terms of its total output.
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It shows how big is the economy of a country in a given year in terms of its total output.
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