GDP is defined as the value of all

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GDP is defined as the value of all

1. goods produced in an economy in a year
2. goods and services in an economy in a year
3. final goods produced in an economy in a year
4. final goods and services produced in an economy in a year.

Correct Option: D

GDP is defined as the value of all final goods and services produced in an economy in a year. The total quantity of goods produced in an economy during year are multiplied by their current prices to get the GDP.