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

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

The correct answer is: c) Gross State Domestic Product

Gross State Domestic Product (GSDP) is a measure of the economic activity of a state. It is calculated by adding up the value of all final goods and services produced within the state in a given period of time. GSDP can be used to track the state’s economic growth, compare its performance to other states, and identify areas where economic development is needed.

State Per Capita Income (SPCI) 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. SPCI can be used to track the state’s economic well-being, compare its performance to other states, and identify areas where poverty is a problem.

Fiscal Deficit is the difference between a state’s government revenue and its government expenditure. It is a measure of the state’s financial health. A large fiscal deficit can be a sign that the state is spending more money than it is taking in, which can lead to debt problems.

In conclusion, GSDP is the economic indicator that measures the monetary value of final goods/services produced within Odisha in a given period.

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