Is a monetary measure of the market value of all final goods and services produced in a period
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Gr.oss domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly)........
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- Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period. .The ratio of GDP to the total population of the region is the per capita GDP and the same is called Mean Standard of Living.
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