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SSC MTS 2023 · PYQ · Economics · medium

Which of the following is used to measure the total output of goods & services in an economy including depreciation during a specific period within country?

  1. A.Net Domestic Product (NDP)
  2. B.Gross National Product (GNP)
  3. C.Net National Product (NNP)
  4. D.Gross Domestic Product (GDP)✓ Correct

Explanation

GDP (Gross Domestic Product) measures the total monetary value of all goods and services produced within a country's geographical boundaries during a given period, including depreciation.
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