GDP யை கணக்கிடும் முறைகள் யாவை? அவற்றினை விவரிக்க.
Answers
Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of the country's economic health.
What is GDP and how is it calculated?
Written out, the equation for calculating GDP is: GDP = private consumption + gross investment + government investment + government spending + (exports – imports). For the gross domestic product, “gross” means that the GDP measures production regardless of the various uses to which the product can be put.
What is GDP explain with example?
GDP of a country is the total value of finished goods and services produced in its territory. 'Territory' and 'finished' are the important parts here. For example, If an Indian company manufactures a pen in India, it is counted under GDP.