SSC Economics Sample Paper NCERT Sample Paper-6

  • question_answer
    In economic terminology the final production of goods and services valued at market prices during a year of a nation is known as

    A)  Gross Domestic Product

    B)  Gross National Product

    C)  National Income

    D)  Net National Product

    Correct Answer: B

    Solution :

    [b] Gross National Product (GNP) is an economic statistic that includes GDP, plus any income earned by residents from overseas investments, minus income earned within the domestic economy by overseas residents. GNP is a measure of a country's economic performance, or what its citizens produced (i.e. goods and services) and whether they produced these items within its borders.

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