Question

Why GDP is important ? (cbse class 10)ncert

Answer 1

Answer:

GDP Stands for gross domestic product

Explanation:

The total value of goods produced and services provided in a country during one year.

This is the simplest way of explaining.✌✌

HOPE MY ANSWER HELPED U...DROP A ❤ IF U UNDERSTOOD IT...IF DIDN'T UNSTERSTAND ...SRY I TRIED MY LEVEL BEST

Answer 2

Answer:

GDP stand for gross domestic product.

GDP is important because it gives information about the size of the economy and how an economy is performing.It is used to measure economic well-being The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well.