What is GDP ? Where it …

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Install Now

What is GDP ? Where it is used?

Posted by ☆°••(Prateek)••° ☆ 5 years, 3 months ago

CBSE > Class 10 > Social Science

3 answers

Pawan Kumari 5 years, 3 months ago

Those final goods and services which are produced within a domestic country during a financial year is called GDP. Financial Year: the year in which people earn money is called financial year.

0Thank You

Vaibhav Chaudhary 5 years, 3 months ago

GDP is also known as Gross Domestic Product. It is the total sum of the value of final good produce in a year

0Thank You

Yogita Ingle 5 years, 3 months ago

Gross Domestic Product (GDP) is the total sum of the value of the final goods and services of the Primary, Secondary and Tertiary sectors of the economy of a country produced during a year.
The counting of the various goods and services for calculating GDP can he understood by the following example
Wheat and Hour are intermediate goods used for making final products like bread and biscuits. Intermediate products should not be counted in the figure of GDP. Biscuits and breads are the final products prepared using flour and other ingredients like sugar, salt, oil etc.

0Thank You

ANSWER

Test

Related Questions

Describe the process of unification Italy

Posted by Armaan Ali 1 year, 5 months ago

CBSE > Class 10 > Social Science

1 answers

What was zollverein formed

Posted by Sakshi Patel 3 weeks, 1 day ago

CBSE > Class 10 > Social Science

1 answers

How can more employment opportunities be created in the rural areas

Posted by Sai Sravika Godavarthi 4 months ago

CBSE > Class 10 > Social Science

1 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Shristi Pandey 1 month, 4 weeks ago

CBSE > Class 10 > Social Science

0 answers

Explain the process of unification of Germany

Posted by Sudhanshu Choudhry 1 year, 5 months ago

CBSE > Class 10 > Social Science

1 answers

What was act of 1919 which was set up by Government of India

Posted by Kapil Dev Saroye 1 year, 5 months ago

CBSE > Class 10 > Social Science

0 answers

What was the purpose of sending the Simon Commission

Posted by Siddhanth Aravind 1 year, 1 month ago

CBSE > Class 10 > Social Science

0 answers

Describe the silesian weavers uprising

Posted by Chirag Jindal 1 year, 5 months ago

CBSE > Class 10 > Social Science

0 answers

Define Deccan plateau briefly

Posted by Anisha Grover 3 months, 3 weeks ago

CBSE > Class 10 > Social Science

0 answers

What is the importance of flora and fauna in india

Posted by Vansh Singh 1 year, 5 months ago

CBSE > Class 10 > Social Science

1 answers

myCBSEguide

CBSE, JEE, NEET, CUET

myCBSEguide

Test Generator

CUET Mock Tests

Download myCBSEguide App

All Courses

Other Websites

CBSE Courses

Resources

Corporate

NCERT Solutions

CBSE Sample Papers