Social Sciences, asked by harshrajverma, 1 year ago

What is GDP? plz explane.

Answers

Answered by soniaagarwal611
1

Gross domestic product is the best way to measure a country's economy. GDP is the total value of everything produced by all the people and companies in the country. It doesn't matter if they are citizens or foreign-owned companies. If they are located within the country's boundaries, the government counts their production as GDP. The only exception is the shadow or black economy.


Answered by yahootak
3
GDP full form is Gross Domestic product .

➡✨GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons.✨



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