Question

Define GDP? why the calculation of GDP is a difficult task​

Answer 1

Answer:

GDP is the sum or the value of all final goods produced within the domestic territory of a country within a fiscal year.

calculation of gdp is a difficult task because large and varieated amount of goods are produced in the country, to count this we need a large network. ao it is a difficult task to count the gdp. But in India we have the NSSO (nation sample survey organistaion) and the ministry of statistics

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

#S♥