What is the full form of gdp in economics?
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Gross domestic product (broad measurement of a nation's overall economic activity)
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GDP – Gross Domestic Product.
Generally, GDP is a measuring element which used to estimate the economic performance of the whole country. It is a monetary measure of the goods which are being produced in a specified period of time. It also shows the cost of living of an individual and also the rate of change of prices of any country. In short Gross Domestic Product is the main base through which progress and economy of any nation is found.
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