{"id":93622,"date":"2025-06-01T11:54:14","date_gmt":"2025-06-01T11:54:14","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=93622"},"modified":"2025-06-01T11:54:14","modified_gmt":"2025-06-01T11:54:14","slug":"which-term-refers-to-the-total-value-of-all-the-goods-and-services-pro","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-term-refers-to-the-total-value-of-all-the-goods-and-services-pro\/","title":{"rendered":"Which term refers to the total value of all the goods and services pro"},"content":{"rendered":"

Which term refers to the total value of all the goods and services produced within the country during a specific period?<\/p>\n

[amp_mcq option1=”GDP” option2=”GNP” option3=”GNI” option4=”GVA” correct=”option1″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC Combined Section Officer – 2019-20<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nGross Domestic Product (GDP) is the total monetary value of all the finished goods and services produced *within the geographical boundaries* of a country during a specific period, usually one year. It is the most common measure of a country’s economic output.
\n<\/section>\n
\n– GDP measures production based on location (within the country’s borders).
\n– It includes production by both citizens and foreigners residing in the country.
\n– It is calculated for a specific time period (quarterly or annually).
\n<\/section>\n
\nGNP (Gross National Product) measures the total value of goods and services produced by the residents of a country, regardless of their location. GNI (Gross National Income) is conceptually similar to GNP. GVA (Gross Value Added) measures the contribution of individual producers, industries, or sectors to the GDP.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Which term refers to the total value of all the goods and services produced within the country during a specific period? [amp_mcq option1=”GDP” option2=”GNP” option3=”GNI” option4=”GVA” correct=”option1″] This question was previously asked in UPSC Combined Section Officer – 2019-20 Download PDFAttempt Online Gross Domestic Product (GDP) is the total monetary value of all the finished … <\/p>\n

Detailed SolutionWhich term refers to the total value of all the goods and services pro<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1090],"tags":[1483,1120,1174],"class_list":["post-93622","post","type-post","status-publish","format-standard","hentry","category-upsc-combined-section-officer","tag-2019-20","tag-economic-development","tag-national-income-gross-domestic-product","no-featured-image-padding"],"yoast_head":"\nWhich term refers to the total value of all the goods and services pro<\/title>\n<meta name=\"description\" content=\"Gross Domestic Product (GDP) is the total monetary value of all the finished goods and services produced *within the geographical boundaries* of a country during a specific period, usually one year. 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