what is GDP? explain in detail.
Answers
Answered by
4
GDP stands for gross domestic product. It's the official measure of the total output of goods and services in the economy for usually an year. The definition of GDP is as follows: it is the total market value of all final goods and services produced during a given time period within a nation's domestic borders.
Answered by
2
Answer:
Definition: 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. Description: It can be measured by three methods, namely, 1.
Explanation:
please friends follow me
please give me thanks anyone
Similar questions
Accountancy,
2 months ago
Social Sciences,
2 months ago
Biology,
2 months ago
Social Sciences,
5 months ago
Political Science,
5 months ago
French,
11 months ago
Physics,
11 months ago