Social Sciences, asked by Anu726, 1 year ago

what is GDP ? Explain ( 3 mark )

please do not spam.......

Answers

Answered by geethavaishu44
2
the value of final goods and services produced in the each sector during a particular year provides a Total production of the sector of the year and the sum of the protection in the three sector gives what is called the gross domestic product which is nothing but the GDP of a country

it is the value of all the final goods and services produced within the country during a particular area GDP shows how big a country economic is

in India the mammoth of task of measuring the GDP is undertaken by the Central Government Minister is this ministry with the help of various government department of all the Indian states and union territories collect information relating to the total volume of a goods and services and their prices and then estimates the GDP



pls mark as brainllest
Answered by Anonymous
2
gross domestic product is the broadest quantitative measure of a nations total economic activity. more specifically GDP represents the monetary value of all goods and services produced with in a nation geographic boarders over a specified period of time.
Similar questions