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What is GDP???
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Answer / manish kumar
GDP is the total money value of all final goods and services
produced with in a country in a given period
| Is This Answer Correct ? | 56 Yes | 5 No |
Answer / mukesh kumar verma
GDP STANDS FOR GROSS DOMESTIC PRODUCT. IT MEANS ALL THE
PRODUCTION OF GOODS AND SERVICES IN A COUNTRY DURING A YEAR
IS MEASURED IN MONETARY VALUE. THAT IS CALLED GDP. I HAVE A
LITTLE CONCEPT. IF SOMEONE CAN DEFINE IT VERY WELL THEN HE
IS MOST WELCOME.
| Is This Answer Correct ? | 25 Yes | 2 No |
Answer / vijay kumar yadav
gross domestic product.which is accounting for a year for
final goods and services excluding foreign recipt.
| Is This Answer Correct ? | 26 Yes | 13 No |
Answer / sk maidul islam
THE BEST ANSWER FOR GDP -
GDP=CONSUMPTION+GOVT. EXPENCE+(EX PORT-IMPORT)
| Is This Answer Correct ? | 17 Yes | 5 No |
Answer / birbal
GDP stands for grose domestic product. it means total
production of goods and services in a financial year.it is
the mirror for the country's devepment or performance.
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / abhishek mittal
The gross domestic product (GDP) is one the primary
indicators used to gauge the health of a country's economy.
It represents the total dollar value of all goods and
services produced over a specific time period - you can
think of it as the size of the economy. Usually, GDP is
expressed as a comparison to the previous quarter or year.
For example, if the year-to-year GDP is up 3%, this is
thought to mean that the economy has grown by 3% over the
last year.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / ramakrishna
The total value of the goods and services produced in a
year.
| Is This Answer Correct ? | 11 Yes | 4 No |
Answer / sandhya rani.g
GDP stands for Gross Domestic Product. it measures the
total performance and growth rate of a country, which
includes the exports, imports, investments and expendeture
of a country.
simply:
GDP=C+I+G+(X-M): WHERE: C= CONSUMPTION
I= GROSS INVESTMENTS
G=GOVERNMENT SPENDING
(X-M)= (EXPORTS-IMPORTS)
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / devendra kumar
GDP STANDS FOR GROSS DOMESTIC PRODUCT. IT MEANS ALL THE
PRODUCTION OF GOODS AND SERVICES IN A COUNTRY DURING A YEAR
IS MEASURED IN MONETARY VALUE. THAT IS CALLED GDP. I HAVE A
LITTLE CONCEPT. IF SOMEONE CAN DEFINE IT VERY WELL THEN HE
IS MOST WELCOME
in other way we can define this in the method
GDP=CONSUMPTION+GOVT. EXPENCE+(EX PORT-IMPORT)
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / rv
GDP is one of the tool to measure the country's performance.
it is the total of all the goods and services produced in a
country.
C+I+G(X-M)
consumption+gross investment+ goverment spending
(exports-imports)
| Is This Answer Correct ? | 5 Yes | 1 No |
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