Economy, asked by SuitableBoy, 3 months ago

★ What is GDP ?

★ How is it calculated ?

Answers

Answered by plodaya

Explanation:

India's GDP is calculated with two different methods, one based on economic activity (at factor cost), and the second on expenditure (at market prices). ... The expenditure-based method indicates how different areas of the economy are performing, such as trade, investments and personal consumption.

Answered by aavishsidhu

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period.

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