Consider the following definitions of Gross Domestic product GDP and select the correct one........

Economic Affairs Growth and Indicators

Consider the following definitions of Gross Domestic product (GDP) and select the correct one

It is a monetary value of all the final goods and services produced in the economic territory by citizens.

It is a monetary value of all the final goods and services produced in the economic territory by citizens of and residents in India.

It is a monetary value of all the final goods and services produced by citizens of and residents in India.

It is a monetary value of all the final goods and services produced in the political territory by citizens of and residents in India.

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Explanation:

..Second option is correct.
Gross domestic product is the best way to measure a country's economy. GDP is the total value of everything produced by all the people and companies in the country. It doesn't matter if they are citizens or foreign-owned companies.
Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well (in the United States, for example, the government releases an annualized GDP estimate for each quarter and also for an entire year).