GDP is the total sum of _____ produced during a particular year ?
Answers
Answered by
171
Answer:
- GDP is the total value of all final goods and services produced during a particular year.
Explanation:
Gross demostic product is the total sum of value of final goods and services produced in each sector. Primary, secondary and tertiary in a particular year. GDP growth rate is an important indicator of the economic performance of a country.
It can mainly be measures in three methods:
- Output method
- Expenditure method
- Income method
______________________________
Similar questions