Which economic indicator measures the monetary value of final goods/services produced within Odisha in a given period?

Gross State Domestic Product
Net State Domestic Product
State Per Capita Income
Fiscal Deficit

The correct answer is: a) Gross State Domestic Product (GSDP).

GSDP is a measure of the economic activity within a state. It is calculated by adding up the value of all final goods and services produced within the state in a given period. GSDP can be used to track the state’s economic growth, compare the economic performance of different states, and identify areas where the state’s economy is strong or weak.

Net State Domestic Product (NSDP) is similar to GSDP, but it excludes depreciation, which is the decrease in the value of capital goods over time. NSDP is a more accurate measure of the state’s economic output, but it is not as commonly used as GSDP.

State Per Capita Income is a measure of the average income of people living in a state. It is calculated by dividing the state’s GSDP by its population. State Per Capita Income is a useful measure of the state’s economic well-being, but it does not take into account differences in income inequality across states.

Fiscal Deficit is the difference between a state’s government revenue and its government expenditure. A fiscal deficit is a sign that the state is spending more money than it is taking in. A large fiscal deficit can be a problem, as it can lead to debt and inflation.

In conclusion, the correct answer to the question “Which economic indicator measures the monetary value of final goods/services produced within Odisha in a given period?” is a) Gross State Domestic Product (GSDP).

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