Economy, asked by kumar2778, 11 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

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