Question

Define the term G.D.P by giving a suitable example.​

Answer 1

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Here is ur answer mate

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Definition: 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 (as per output method) = Real GDP (GDP at constant prices) – Taxes + Subsidies.

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Answer 2

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 (as per output method) = Real GDP (GDP at constant prices) – Taxes + Subsidies.