Question

Define gdp and how is it calculated

Answer 1

The Indian GDP is calculated byGross Domestic Product (GDP) is the broadest quantitative measure of a nation's total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time. the expenditure method. By Calculating GDP the performance of the Indian economy can be determined. The GDP of the country states the number of goods and services produced in a financial year. It is the yardstick of measuring the functioning of the economy.

Answer 2

Àñßwër:-

Gross Domestic Product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes

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