Social Sciences, asked by laxmiseerapu, 3 months ago

what is the GDP ? What is the uses​

Answers

Answered by aditya3086
0

Gross Domestic Product

Answered by XxItsDivYanShuxX
6

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Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period of time. GDP per capita is often considered an indicator of a country's standard of living.

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GDP measures the total market value (gross) of all U.S. (domestic) goods and services produced (product) in a given year. When compared with prior periods, GDP tells us whether the economy is expanding by producing more goods and services, or contracting due to less output.

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