Social Sciences, asked by gurpreetkaurgul, 1 year ago

What do u mean by GDP?


Akanksha1333: GDP is the total market value of all goods and services produced in a country for a given time period. The time period most often used is one year, which is then compared to past years as a way to measure the improvement or decline of a country’s economic situation. Some of the measurable items utilized in GDP calculations include the sales of automobiles, food, salon services, financial services, and movie tickets. Generally, the higher the number, the better the economy is doing.

Answers

Answered by krishnapandey12
0
GDP means Gross Domestic Product.
Answered by Anonymous
0

Answer:

Gross Domestic Product (GDP) is the broadest quantitative measure of a nation's total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time.

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