Question

★ What is GDP ?

★ How is it calculated ? ​

Answer 1

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.

Answer 2

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.