Social Sciences, asked by samir59, 1 year ago

how GDP is related to the economy of a country?

Answers

Answered by Prandip
1
The gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period, often referred to as the size of the economy

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Answered by Rahul1905
2
more the GDP means more the production of goods and services, it means more economic activities are talking place, i.e., more money transactions are taking place, hence increasing the economy.

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