Question

What is the full form of gdp? How is it measured

Answer 1

Gross domestic product (GDP) is a monetary measure of the value of all final goods and services produced in a period (quarterly or yearly). Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons.

Answer 2

Gross domestic product it is the sum of the total output of the three sectors primary,secondary and tertiary.