Assertion: GDP shows how big an economy is. Reason: GDP is the value of all final goods and services produced within the domestic territory of a country in a year.
Answers
Answer:
TRUE.....
hope it helped...... thanks....bye...
Assertion: GDP shows how big an economy is.
Reason: GDP is the value of all final goods and services produced within the domestic territory of a country in a year.
Answer :
Both assertion and reason are correct. The reason has correctly explained the assertion.
Explanation ⦂
GDP refers to the value of all final goods and services produced within a country, which refers to a high GDP and high economic activity. A high GDP reflects the high income and high lifestyle of the people. If people are earning maximum and spending more, it shows that the economy of the country is good.
The good income and high lifestyle of the people reveal the economic growth rate and strong economy of that country.
#SPJ3
◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Know something more...
National profit is equal to
https://brainly.in/question/25662130
Which of the following statements is not true?
(a) GDP of India is calculated by the state government of the largest Indian state.
(b) Calculating GDP is a massive task.
(c) GDP shows the level of development of an economy.
(d) GDP is the value of all final goods and services that are produced in a country during one financial year.
https://brainly.in/question/16157492