Which of the following gives the CORRECT explanation of Gross Domestic Product?

A. The value of final goods and services is added for secondary and tertiary sectors for one year.

B. The value of every good and service is added up to for all the three sectors for one year.

C. The value of final goods and services is added up for all the three sectors for one year.

D. The value of goods is added for the primary sector for one year.

 

Answer:

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.