Question

what do you mean by GDP?? Tell me how it helps to developing the country..?? In three points please...

Answer 1

The Gross Domestic Product (GDP) of a country is the total value of all final goods and services produced within acountry over a period of time. Therefore an increase in GDP is the increase in a country's production. Growth doesn't occur in isolation

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Sorry I don't Know 2nd Answer So sorry........

Answer 2

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.

• 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.
• When real GDP is growing strongly, employment is likely to be increasing as companies hire more workers for their factories and people have more money in their pockets.