what is gdp? tell answer fst in a 1 min
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Answer:
GDP means Gross Domestic Product.
Explanation:
Gross Domestic Product, abbreviated as GDP, is the total value of goods and services produced in a country. GDP is measured over specific time frames, such as a quarter or a year. GDP as an economic indicator is used worldwide to show the economic health of a country.
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GDP is stand for Gross Development Product.
It is the final value of all goods and services in the three sectors over a year.
The mammoth task of measuring GDP is taken by the central ministry. It measures the value of GDP along with other smaller government departments.
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