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
Answer (1)
Correct Answer: GDP at FC
Solution :
Gross domestic product at factor cost 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.
Hence, Option B is correct.
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