What is gross domestic product at …
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Posted by Sameep Rj Sameep Rj 5 years, 7 months ago
- 2 answers
Yogita Ingle 5 years, 7 months ago
Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services manufactured in a time frame, often yearly or quarterly. Nominal GDP evaluates are commonly utilized to decide the economic performance of a whole country or region and to make international comparisons.
GDP (nominal) per capita does not, however, contemplate differences in the cost of living and inflation rates of the nations; hence using a basis of GDP per capita at purchasing power parity (PPP) is possibly more functional when contrasting differences in living standards between countries.
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Khushi Varshney 5 years, 7 months ago
1Thank You