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The market value in current rupees or dollars of all goods and services, for final use, produced by an economy during a year is

The market value in current rupees or dollars of all goods and services, for final use, produced by an economy during a year is Correct Answer Gross National Product (GNP)

The market value in current rupees or dollars of all goods and services, for final use, produced by an economy during a year is Gross National Product (GNP).
It is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by non-residents.
Gross national product (GNP) is the market value of all the goods and services produced in one year by labour and property supplied by the citizens of a country.

Related Questions

Which of the following statements are true/ false?
1. In the market economy, the prices are determined by the level of demand and supply in the market.
2. Mixed economy is an economic system in which both the private and public sector have equal roles to play.
3. Planned economy is also known as a centralised economy, controlled economy or command economy.
4. In the market economy, governments do not have much role to play.
Which of the following statements is/are incorrect? a) GNP is defined as the value of output minus the value of intermediate consumption and is a measure of the contribution to GDP made by an individual producer, industry, or sector. b) GDP is the monetary value of all finished goods and services produced within a country during a period of one year. c) GVA is the monetary value of all finished goods and services produced by a country's residents during a period of one year.
The following sentences form a paragraph.They are numbered as P, Q, R and S. These four parts are not given in their proper order. Read the sentences and choose the alternative that arranges them in correct order. P. It is the ratio of the value of goods and services an economy produces in a particular year at current prices to that of prices that prevailed during the base year. Q. The GDP deflator, also called implicit price deflator, is a measure of inflation. R. Since the deflator covers the entire range of goods and services produced in the economy — as against the limited commodity baskets for the wholesale or consumer price indices — it is seen as a more comprehensive measure of inflation. S. This ratio helps show the extent to which the increase in gross domestic product has happened on account of higher prices rather than increase in output.
To produce an old photograph, a photographer charges x dollars to make a negative, 3x/5 dollars for each of the first 10 prints, and x/5 dollars for each print in excess of 10 prints. If 45 dollars is the total charge to make a negative and 20 prints from an old photograph, how many dollars the photographer charges to make a negative?
To produce an old photograph, a photographer charges x dollars to make a negative 3x/5 dollars for each of the first 10 prints, and x/5 dollars for each print in excess of 10 prints. If 45 dollars is the total charge to make a negative and 20 prints from an old photograph, how many dollars the photographer charges to make a negative?
A boy puts only 5 rupees and 10 rupees coins in the piggy bank. On Monday he puts three 5 rupees coin, on Wednesday he puts one 10 rupees and two 5 rupees coin. Total amount in Piggy bank is 50 rupees. He puts only 5 rupees coin on Tuesday. How many 5 rupees coins he put on Tuesday?
Consider the following statements about the income calculation methods 1. The method of measuring the aggregate value of spending that the firms receive for the final goods and services which they produce is called the expenditure method. 2. The method of measuring the sum total of all factor payments is called the income method. 3. The method of measuring the aggregate value of final goods and services produced by all the firms is called the product method. Which of the statements given above is/are correct?
The question given below consists of a statement, followed by three arguments I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: The domestic equity market has become supervolatile  and converted the psychology of every market participant into fear. Greed and fear continue to alternate in the market, like the two sides of a coin. To a seasoned player, there seems to be nothing new as such instances of panic-selling often occur time and again. Why? Arguments: I. Since demonetisation, herd mentality had jacked up financials, banks and NBFC stocks to great heights on the pretext of financial inclusion and formalisation of the economy. This caused the financials gain disproportionate share in Nifty50 at 35 per cent of the free float market capitalisation, which was unheard of in the past.  II. The domestic market seems to be deeply oversold and can rebound on any good news. The Nifty50 has taken long-term support at the three-year trend line, which makes a case for the correction to near its end. III. Investors, therefore, should not panic and sell off shares. Instead they should do the reverse and gather the courage to pump in more money into the market by picking quality stocks or investing in ETFs for more stable returns. 
Saudi Aramco and Reliance Industries entered into a joint venture where Saudi Aramco invested 20 billion dollars and Reliance Industries invested 30 billion dollars. The ownership ratio is always equal to the investment ratio. After 1 year, the venture made a profit of 6 billion dollars which they reinvested. Now Reliance Industries wants to increase its ownership to 75%, how much it should pay to Saudi Aramco in billion dollars?  
As per Consumer Protection Act 1986, 'unfair trade practice' includes
(1) Falsely represents that the goods/services are of a particular standard, quality or grade
(2) Falsely represents any re-built, second-hand, renovated, reconditioned or old goods as new goods
(3) Represents that the goods or services have sponsorship, approval, performance, characteristics, accessories, uses or benefits which such goods or services do not have