The value of all final goods and services produced within a country during a particular year is called as: [CBSE (CCE) 2011] (a) Gross Domestic Product (b) Net Domestic Product (c) National Product (d) Production of Tertiary Sector
GDP stands for "Gross Domestic Product" and represents the total monetary value of all final goods and services produced (and sold on the market) within a country during a period of time (typically 1 year). GDP is the most commonly used measure of economic activity.
