Question

Role of GDP ? Merits of GDP

Answer 1

Answer:

GDP is primarily used to gauge the health of a country's economy. It is the monetary value of all the finished goods and services produced within a country's borders in a specific time period and includes anything produced by the country's citizens and foreigners within its borders.

please mark as BRAINLIEST

Answer 2

GDP full form Gross Domestic Product. GDP is the total Pecuniary or market value of all the finished goods and services produced within a country's borders in a specific time. As a wide measure of overall domestic production, it works like a wide score of the economic health of the country, though gdp is usually counted on annual basis, it can be calculated on a quarterly basis. In the United States, the government, each quarter and expressed an annual GDP estimate for a whole year. Indeed, most of the data sets will also be given in the terms of the factor, which has been fixed for the price of value, and so, the net of inflation is the net.GDP is the most commonly used measure of economic activity.

Explanation: