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

Solution (By Examveda Team)

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.