Question

what is Gross Domestic Product? How do we count the various goods and services for calculating GDP? explain with example.

Answer 1

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Answer 2

The summary of the given question is summarized in the section below.

Explanation:

• The cumulative retail amount of profit as well as economic resources over a stated amount of time by either the nation's economy, called GDP.
• In addition to import goods or intermediate products, this same importance or quality of finished products manufactured in any segment of the economic growth would be added.

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