Q. What is the meaning of GDP? What is the GDP rate of India?
❤️❤️❤️❤️❤️❤️❤️❤️2️⃣
thank you so much for 2k f-o-l-l-o-w-e-r-s.
Answers
GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year. GDP growth rate is an important indicator of the economic performance of a country.
4.2% annual change (2019)
Answer:
Definition: GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year. GDP growth rate is an important indicator of the economic performance of a country.
Types of Gross Domestic Product (GDP)
Real Gross Domestic Product. Real GDP is the GDP after inflation has been taken into account.
Nominal Gross Domestic Product. Nominal GDP is the GDP at current prices (i.e. with inflation).
Gross National Product (GNP) ...
Net Gross Domestic Product.
GDP can be calculated by adding up all of the money spent by consumers, businesses, and government in a given period. It may also be calculated by adding up all of the money received by all the participants in the economy. In either case, the number is an estimate of "nominal GDP."
GDP is important because it gives information about the size of the economy and how an economy is performing. The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well.
India/Gross domestic product
2.87 lakh crores USD (2019)