The correct answer is: C. refined
GDP is a measure of the total value of all final goods and services produced within a country’s borders in a specific time period, usually a year. It is a refined measure of economic activity because it takes into account the value of all goods and services produced, regardless of who owns the factors of production. This makes it a more accurate measure of economic growth than other measures, such as gross national product (GNP), which only takes into account the value of goods and services produced by a country’s citizens.
The other options are incorrect because they do not accurately describe GDP. Option A, “rough,” is incorrect because GDP is a precise measure of economic activity. Option B, “coarse,” is incorrect because GDP is a detailed measure of economic activity. Option D, “estimated,” is incorrect because GDP is a calculated measure of economic activity.
In conclusion, the correct answer to the question “The gross domestic product(GDP) is an essential component of company. A. rough B. coarse C. refined D. estimated” is C. refined.