Question

can somebody explain me???????WHAT IS GDP(gross domestic product) I WANT SUITABLE EXPLANATION WITH EXAMPLES. AND EXPLAIN HOW GDP IS CALCULATED.............​

Answer 1

Answer:

GDP is the monatry value of all good and services produce with in a country border in a specific time period

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Answer 2

Hey mate,

1 ans.

Gross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period.

2 ans.

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period.[2][3] GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market.

Hope it helps.