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:A
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.