Question

what is mean by GDP. which value the GDP will calculate

Answer 1

the full form of GDP is gross domestic product
to measure a economy of country is called GDP
GDP is the total value of everything produced by people and companies

Answer 2

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GDP stands for Gross Domestic Product.

• It is the sum total of all final goods and services produced in a country during a particular year. It shows how big the economy is.
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GDP = C + I + G + (X – M)

where

• C = private consumption
• I = gross investment
• G = government investment + government spending
• X = exports
• M = imports