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Which statement best explains GDP?

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Question ID #26390 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Indian Economy Sectional Test 2026 Medium

Which statement best explains GDP?

Correct Answer: C. Market value of final goods and services produced within a country during a given period
GDP: Market value of final goods and services produced within a country during a given period

Question: Which statement best explains GDP?

A. Sustained rise in the general price level

B. Official downward adjustment of currency value under a fixed or managed exchange-rate regime

C. Market value of final goods and services produced within a country during a given period

D. Government policy regarding taxation, expenditure and borrowing

Correct Answer: C. Market value of final goods and services produced within a country during a given periodGDP: Market value of final goods and services produced within a country during a given period

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Which statement best explains GDP? - MCQ Explanation

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Correct answer: C. Market value of final goods and services produced within a country during a given period