Question

Full form of GDP and define​

Answer 1

Answer:

Definition. GDP stands for "Gross Domestic Product" and represents the total monetary value of all final goods and services produced (and sold on the market) within a country during a period of time (typically 1 year). Purpose. GDP is the most commonly used measure of economic activity.

Explanation:

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Answer 2

GDP stands for Gross Domestic Product. It is the total market value of all final goods and services produced during a given time period within a nation's domestic borders. It's the official measure of the total output of goods and services in the economy for usually an year.