Question

What is GDP? How is it a useful tool to measure the size of an economy
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Answer 1

Answer:

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

It represents the value of all goods and services produced over a specific time period within a country's borders. Economists can use GDP to determine whether an economy is growing or experiencing a recession. Investors can use GDP to make investments decisions—a bad economy means lower earnings and lower stock prices.

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Answer 2

Answer:

GDP means gross demostic product.