What is gross domestic product? How …

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What is gross domestic product? How do we count the various goods and services for calculating GDP? Explain with examples.

Posted by Kala Niveditha 5 years, 5 months ago

CBSE > Class 10 > Social Science

2 answers

Yogita Ingle 5 years, 5 months ago

The sum total of value of final goods and services produced in the three sector of economy in a particular year is called the GDP of the country .
it is counted by adding the value of final goods produced in each sector of economy instead of intermediate goods.
in India it is measured by central govt ministry.

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Syed Sadiq Ahamed 5 years, 5 months ago

The sum of total value of final goods and services produced in the three sectors of economy in a particular year is called as GDP of country. It is countedby adding the value of final goods produced in each sector of economy instead of intermediate goods. In India it is calculated by central government of India

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