Question

Hi

Good evening

What is GDP? ​

Answer 1

Aɴsᴡᴇʀ:

FIRSTLY. GOOD ᴀғᴛᴇʀɴᴏᴏɴ

Exᴘʟᴀɴᴀᴛɪᴏɴ:

Gʀᴏss Dᴏᴍᴇsᴛɪᴄ Pʀᴏᴅᴜᴄᴛ, ᴀʙʙʀᴇᴠɪᴀᴛᴇᴅ ᴀs GDP, ɪs ᴛʜᴇ ᴛᴏᴛᴀʟ ᴠᴀʟᴜᴇ ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ᴘʀᴏᴅᴜᴄᴇᴅ ɪɴ ᴀ ᴄᴏᴜɴᴛʀʏ. 

GDP ɪs ᴍᴇᴀsᴜʀᴇᴅ ᴏᴠᴇʀ sᴘᴇᴄɪғɪᴄ ᴛɪᴍᴇ ғʀᴀᴍᴇs, sᴜᴄʜ ᴀs ᴀ ϙᴜᴀʀᴛᴇʀ ᴏʀ ᴀ ʏᴇᴀʀ. 

GDP ᴀs ᴀɴ ᴇᴄᴏɴᴏᴍɪᴄ ɪɴᴅɪᴄᴀᴛᴏʀ ɪs ᴜsᴇᴅ ᴡᴏʀʟᴅᴡɪᴅᴇ ᴛᴏ sʜᴏᴡ ᴛʜᴇ ᴇᴄᴏɴᴏᴍɪᴄ ʜᴇᴀʟᴛʜ ᴏғ ᴀ ᴄᴏᴜɴᴛʀʏ.

THANK YOU.❤

Answer 2

Answer:

GDP is the find value of the goods and services produced within the geographic boundaries of a country during a specified period of time