Question

significance of gross domestic products

class 10

pls write a good answer. do not use these points unnecessarily. ​

Answer 1

Gross domestic product tracks the health of a country's economy.

It represents the value of all goods and services produced over a specific time period within a country's borders.

Economists can use GDP to determine whether an economy is growing or experiencing a Investors can use GDP to make investments decisions—a bad economy means lower earnings and lower stock price

hope you understand it and like it

Answer 2

Explanation:

Definition of 'Gross Domestic Product'

Definition of 'Gross Domestic Product'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.