Question

Define GDP? Write the precaution to be taken to calculate GDP. Give eg

Answer 1

GROSS DOMESTIC PRODUCT

the value of all final goods and services produced in a country within in a year

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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