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Define GDP? why the calculation of GDP is a difficult task |
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Answer» GDP is the SUM or the value of all final goods produced within the domestic TERRITORY of a country within a fiscal year.
calculation of gdp is a difficult task because large and varieated amount of goods are produced in the country, to count this we need a large network. ao it is a difficult task to count the gdp. But in INDIA we have the NSSO (nation sample survey organistaion) and the ministry of statistics |
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