Assertion : The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the 3 sectors gives what is called the Gross Domestic Product (GDP) of a country.
Reason : GDP is the value of all the final goods and services produced within a country during a particular year.
Options :
a)Both A and R are correct and R is the correct explanation of A.
b) Both A and R are correct but R is not the correct explanation of A.
c) A is correct but R is wrong.
d) A is wrong but R is correct.
Answers
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Correct option is D
A is wrong but R is correct
Explanation:
- GDP (Gross Domestic Product) is the total production of all the sectors of the country within a year
- Statement A asserts that the production of the final goods and services within 3 sectors is called the GDP of a country
- That's why A is incorrect while R is correct.
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