What is Mean by GDP? what is the most common method of measuring the economic development of a country?
Answers
Answer:
GDP means gross domestic product....AND GDP AND GNP are the most common method of measuring the economic development
Answer:
Definition of 'Gross Domestic Product' Definition: GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year. GDP growth rate is an important indicator of the economic performance of a country.
GDP
Income is the most common method of measuring the economic development of a country. There are various methods to measure the national income of a country. The most common method is GDP. GDP refers to the monetary value of all goods and services produced within the boundaries of a country over a period of time.
Explanation:
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