Q. What is the full form of GDP

A
Gross domestic product
B
Global domestic Ratio
C
Gross depository revenue
D
Global depository receipts
Solution:
  • The gross domestic product is a monetary measure of the market value of all final goods and services produced in a period of time.

  • Gross Domestic Product (GDP) is the broadest quantitative measure of a nation’s total economic activity.

  • More specifically, GDP represents the monetary value of all goods and services produced within a nation’s geographic borders over a specified period of time.

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