What is GDP???
Answers were Sorted based on User's Feedback
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 |
A system of 'fiat money' is being used in india. What is that?
What is NATO? List some members of NATO?
What are banks?
0 Answers State Bank Of India SBI,
What is meant by Double entry?
0 Answers State Bank Of India SBI,
What is scc?
What major factors drive M&A? What are the major factors driving M&A in your sector? How do you see them evolving in the next year?
Why are the recent changes in the banking industry?
0 Answers State Bank Of India SBI,
what is tertiary sales
send me all the question whch can be askd in bank interview
What is Credit Risk?
What is open market operation?
What are the different departments in RBI?