Question

The GDP of a country show
a)how well off the people of that country
b)how much employment rate is there in country
c)standard of living of people
d)how big the economy of the country is​

Answer 1

Answer:

GDP in India averaged 658.35 USD Billion from 1960 until 2020, reaching an all time high of 2870.50 USD Billion in 2019 and a record low of 37.03 USD Billion in 1960.

An economy encompasses all activity related to production, consumption, and trade of goods and services in an area. ... The economy of a particular region or country is governed by its culture, laws, history, and geography, among other factors, and it evolves due to the choices and actions of the participants.

The United States. The United States' economy is the largest in the world as measured by nominal GDP. ...

China. China has the world's second-largest nominal GDP in current dollars and the largest in terms of purchasing power parity (PPP). ...

Japan. Japan is the third-largest economy in the world.

Explanation:$MARK ME AS BRAINLIST$

Answer 2

Explanation:

What Is Gross Domestic Product (GDP)?

Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.

Understanding Gross Domestic Product (GDP)

The calculation of a country’s GDP encompasses all private and public consumption, government outlays, investments, additions to private inventories, paid-in construction costs, and the foreign balance of trade. (Exports are added to the value and imports are subtracted).