GDP stands for Gross Domestic Product What does it show Pick up the correct statement given below ........

Economics Chapter - 2

GDP stands for Gross Domestic Product. What does it show? Pick up the correct statement given below:

It shows how big is the economy of a country in a given year in terms of its total output.

It shows what the total product of a country in a given year without counting the country’s total resources.

It shows the number of people involved in production in a particular year.

It shows the total value of trade trans-actions of a country in a particular year.

It shows how big is the economy of a country in a given year in terms of its total output.

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