What is GDP? Explain with appropriate definition.
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GDP - It refers to the total no. of final goods and services produced in a country in one country.It shows how. big the economy is .It's main problem was double counting but it had been resolved by measuring only value of final goods
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vansh3140:
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Answered by
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HEY mate !! HERE is your answer !!
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GDP stands for gross domestic product.
It can be defined as the total number/amount of products produce in one year of a particular country.
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Hope it helps you.
^_^.
good night
____________________________________________________________________________
GDP stands for gross domestic product.
It can be defined as the total number/amount of products produce in one year of a particular country.
___________________________________________________________________________
Hope it helps you.
^_^.
good night
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