Question

What do you mean by GDP? What does it indicate?​

Answer 1

Answer:

Gross Domestic Product (GDP) is the final monetary value of the goods and services produced within the country during a specified period of time, normally a year. In simple terms, GDP is the measure of the country's economic output in a year. ... The GDP growth rate measures how fast the economy is growing.

GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.

Explanation:

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Answer 2

Answer:

GDP refers to the total value of final goods and services produced within the domestic territory of the country.

It indicates the growth or decline in the economy of a nation.