Question

What do you mean by Gross Domestic Product (GDP)? How it is
calculated?

Answer 1

Answer:

What do you mean by Gross Domestic Product (GDP)? How it is

calculated?

Ans. Gross Domestic Product (GDP)

1. it refers to the market value of all the final goods and services

produced within a country during a particular year.

2. The value of final good is only used to calculate GDGDP.

3. In India it is measuring by the central government ministry.

4. The sum of production in the three sectors gives us the GDP(

Primary+ secondary + tertiary).

5. The money value of the goods and services sh

Answer 2

Answer:

Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. ... GDP can be calculated in three ways, using expenditures, production, or incomes. It can be adjusted for inflation and population to provide deeper insights.

Explanation:

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