What is GDP? Explain.

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What is GDP? Explain.

Posted by Aastha Dhamija 5 years, 5 months ago

CBSE > Class 10 > Social Science

3 answers

Neha Kakkar ?? 5 years, 5 months ago

GDP is the short form of Gross Domestic Product.

2Thank You

Liv 5 years, 5 months ago

GDP is Gross Domestic Product.

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Gaurav Seth 5 years, 5 months ago

Gross Domestic Product (GDP):

(i)The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country.

(ii)It is the value of all final goods and services produced within a country during a particular year.

(iii)GDP shows how big the economy is.

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