Gdp definition economics and hoe it is calculatedd
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Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. ... Put simply, GDP is a broad measurement of a nation's overalleconomic activity – the godfather of the indicator world.
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GDP stands for gross domestic product. It is the sum total of all final goods and services produced in a country during a particular year.
It has been calculated by taking it as a value of all the final goods and services produced within the boundary of a nation during one year.
It has been calculated by taking it as a value of all the final goods and services produced within the boundary of a nation during one year.
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