Question

Define GDP??????????​

Answer 1

Answer:

Gross Domestic Product

Explanation:

Gross Domestic Product, abbreviated as GDP, is the total value of goods and services produced in a country. GDP is measured over specific time frames, such as a quarter or a year. GDP as an economic indicator is used worldwide to show the economic health of a country.

Answer 2

Answer:

=> GDP refers to Gross Domestic product.

=> It is a monetary measure of the market value of all the final goods and services produced.

=> GDP = C + I + G + (x-m)

where, C = Consumer.

I = Business Investment.

G = Government spending.

(x-m) = (Net exports - Imports)

Explanation:

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