Economy, asked by kumar2778, 9 months ago

what is GDP in economics ? pls explain it briefly

Answers

Answered by shivam217083

2

Answer:

There are several types of GDP measurements: Nominal GDP is the measurement of the raw data. Real GDP takes into account the impact of inflation and allows comparisons of economic output from one year to the next and other comparisons over periods of time. GDP growth rate is the increase in GDP from quarter to quarter.

Answered by shamstabrez786

0

Answer:

gross domestic product

Previous Question

Next Question

Similar questions

Music, 5 months ago

What was your basis of classification in the different artworks...

English, 5 months ago

River gypsy lifestyle dialogue...

Math, 5 months ago

5 examples of proper fraction with denominator 10...

Math, 9 months ago

factorize:x3 + 3x² + 3x - 7...

English, 9 months ago

Given below are three situations. Choose any one of them and write a paragraph on it in about 100 words. (a) People often throw away half eaten food in plastic bags on the road side. We find stray cattle eating swallowing such plastic bags for the food contained therein. As a result they get sick and even die. How can this cruelty be stopped ? (b) Water is going to be a scurce thing soon. We...

Math, 11 months ago

two circle of radii 10cm and 8 cm intersect each other, and the lenth of the common chord is 12 cm. find the distance between their centres.

Math, 11 months ago

28 children can do a piece of work in 50 days.How many children are needed to complete the work in 30 days? a. 49 b. 40 c. 35 d. 45...

Math, 11 months ago

Chester corp. Is downsizing the size of their workforce by 10% (to the nearest person) next year from various strategic initiatives. How much will the company pay in separation costs if each worker receives $5,000 when separated?