difference between gdp value and economy value
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GDP is the market value of all final goods and services produced only within the borders of a country. It measures the economy within a specified time period. ... You can calculate GDP using its components: GDP = Personal consumption expenditure+ Investments + Government expenditures + (Exports – Imports).
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Economy of country which means every economic activity that is going on there. It is a very broad term.
Gross Domestic Product is the sum of final goods and services produced within the country.
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