Question : __________________ refers to market value of all goods and services produced during a period of time.
Option 1: Value added
Option 2: Value of output
Option 3: GVA at MP
Option 4: NVA at FC
Correct Answer: Value of output
Solution : Value of output refers to market value of all goods and services produced during a period of time.
Hence, Option B is correct.
Question : __________________ refers to the next market value of all final goods and services produced within the domestic territory of a country during a period of one year.
Option 1: NNP at MP
Option 2: NNP at FC
Option 3: NDP at MP
Option 4: NDP at FC
Question : ________________ refers to the net market value of all final goods and services produced by the normal resident of a country during a period of one year.
Option 1: NNP at FC
Option 2: NNP at MP
Option 3: NDP at FC
Option 4: NDP at MP
Question : ______________________ refers to the gross market value of all final goods and services produced within the geographical territory of a country during a period of one year.
Option 1: GDP at MP
Option 2: GDP at FC
Option 3: GNP at MP
Option 4: GNP at FC
Question : ______________ refers to the gross market value of all final goods and services produced by the normal resident of a country during a period of one year.
Option 1: GNP at FC
Option 2: GNP at MP
Option 3: GDP at FC
Option 4: GDP at MP
Question : __________________ refers to gross market value of all final goods and services produced by the normal resident of a country during a period of one year.
Option 2: GNP at FC
Option 4: GDP at FC
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