AI-generated practice question — model-generated for extra practice, not a previous-year CBSE board question.
GDP is the value of all final goods and services produced within a country during a particular year; it shows how big the economy is.
Source: Comparing the Three Sectors, chapter 2
The definition is directly from the textbook. Key terms to include: final goods and services, within a country, and particular year. Examiners look for these three elements in a 1-mark answer. Do not confuse GDP with GVA (GVA adjusts for taxes and subsidies; GDP does not).