Largest economy in asia in terms of nominal gdp is
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It is China with a GDP of about 14 trillion Dollars.
China is also the second largest economy in the world and soon it is going to attain the 1st position.
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CHINA
KNOW MORE :-
GDP stands for Gross Domestic Product.
It is the sum total of all final goods and services produced in a country during a particular year. It shows how big the economy is.
It is the sum of production in all sectors.in india this mammoth task is undertaken by central govt. ministry.
It collects information with the help of various govt. departments of all states and union territories.
GDP = C + I + G + (X – M)
where
- C = private consumption
- I = gross investment
- G = government investment + government spending
- X = exports
- M = imports
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