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Answer Posted / 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)
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