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What is GDP? explain with the help of example |
Answer» <html><body><p><strong>Answer:</strong></p><p>GDP stands for "Gross Domestic Product" and represents the total monetary value of all final goods and <a href="https://interviewquestions.tuteehub.com/tag/services-1202745" style="font-weight:bold;" target="_blank" title="Click to know more about SERVICES">SERVICES</a> produced (and sold on the market) <a href="https://interviewquestions.tuteehub.com/tag/within-732414" style="font-weight:bold;" target="_blank" title="Click to know more about WITHIN">WITHIN</a> a country during a period of <a href="https://interviewquestions.tuteehub.com/tag/time-19467" style="font-weight:bold;" target="_blank" title="Click to know more about TIME">TIME</a> (typically 1 <a href="https://interviewquestions.tuteehub.com/tag/year-1464599" style="font-weight:bold;" target="_blank" title="Click to know more about YEAR">YEAR</a>). Purpose. GDP is the most <a href="https://interviewquestions.tuteehub.com/tag/commonly-2530443" style="font-weight:bold;" target="_blank" title="Click to know more about COMMONLY">COMMONLY</a> used measure of economic activity.</p></body></html> | |