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Define gdp

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Define gdp

Posted by Seema Rani 6 years, 10 months ago

CBSE > Class 11 > Economics

2 answers

Anjali Gupta 6 years, 10 months ago

The Gross Domestic Product measures the value of economic activity within a country. Strictly defined, GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time.

Gargi Dandavate 6 years, 10 months ago

The measure of an economy adopted by the United States in 1991; the total market values of goods and services produced by workers and capital within a nation's borders during a given period (usually 1 year)

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