Question

11. GDP stands for Gross Domestic Product. What does it show? Pick up the correct
statement given below:
(a) It shows how big is the economy of a country in a given year in terms of its total
output.
(b) It shows what the total product of a country in a given year without counting the
country's total resources.
(c) It shows the number of people involved in production in a particular year.
(d) It shows the total value of trade trans-actions of a country in a particular year.
Answer​

Answer 1

Answer:

( D ) ɪᴛ sʜᴏᴡs ᴛʜᴇ ᴛᴏᴛᴀʟ ᴠᴀʟᴜᴇ ᴏғ ᴛʀᴀᴅᴇ ᴛʀᴀɴsᴀᴄᴛɪᴏɴs ᴏғ ᴀ ᴄᴏᴜɴᴛʀʏ ɪɴ ᴀ ᴘᴀʀᴛɪᴄᴜʟᴀʀ ʏᴇᴀʀ .

ᴘʟᴇᴀsᴇ ᴍᴀʀᴋ ᴀs ʙʀᴀɪɴʟɪᴇsᴛ .....

Answer 2

option b

It shows what the total product of a country in a given year without counting the

country's total resources.

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