Question
General Knowledge Question on Economics
What does the Gross Domestic Product (GDP) measure?
Total government revenue collection and expenditure incurred during a financial year
Total money in circulation in the economy at any given point of time
Is a measure of income distribution and inequality within a country
Broadly understood as the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time
Broadly understood as the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time
Solution
The correct option is (D): Broadly understood as the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time