Economy, asked by anandpratap123, 1 year ago

what is the GDP?explain in point.

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Answered by sambuzz

An IMF publication states that "GDP measures the monetary value of final goods and services—that are bought by the final user—produced in a country in a given period of time (say a quarter or a year)." Total GDP can also be broken down into the contribution of each industry or sector of the economy.

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divyanshu6374: can you explain in easy way

sambuzz: yes

sambuzz: look out the image

Answered by yash151184

It is the total value of all the goods and services produced within a territory in a specific year

sreekalasl2200: GDP is the value of final goods and services produce within a country ,during a particular year

divyanshu6374: thanks

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