What is GDP ?
Gross domestic product
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GROSS DOMESTIC PRODUCT
GDP is Gross Domestic Product and to find the GDP of a country. Then we add the GPD of all the three sector primary sector, secon dary sector and tertiary sector… Hope it will be helpful to you ?
Gross domestic product
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Gross domestic product….or u say total growth rate of a country
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The valu of final good prpduced in country whitin ayear
Gross Domestic Product (GDP) is the total sum of the value of the final goods and services of the Primary, Secondary and Tertiary sectors of the economy of a country produced during a year.The counting of the various goods and services for calculating GDP can he understood by the following exampleWheat and Hour are intermediate goods used for making final products like bread and biscuits. Intermediate products should not be counted in the figure of GDP. Biscuits and breads are the final products prepared using flour and other ingredients like sugar, salt, oil etc.Only the final products are reaching the actual consumer. The value of the intermediate products is already counted in the final products and if this is again counted, it will lead to double counting, causing an error in the estimation of GDP.
Gross domestic product
Gross domestic product