Gdp is the total volume of .......priduced during a particular year
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GDP is the total volume of goods produced in one year in primary,secondry,and tertiary sectors.
it adds to the economy of a country.
it adds to the economy of a country.
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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 measure in three methods:
- Output method
- Expenditure method
- Income method
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