Question

Can you please explain me the tern GDP??​

Answer 1

Answer:

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.[4]

Answer 2

Answer:

Definition of 'Gross Domestic Product

Explanation:

GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year. GDP growth rate is an important indicator of the economic performance of a country

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