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What is GDP?
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Aɴsᴡᴇʀ:
FIRSTLY. GOOD ᴀғᴛᴇʀɴᴏᴏɴ
Exᴘʟᴀɴᴀᴛɪᴏɴ:
Gʀᴏss Dᴏᴍᴇsᴛɪᴄ Pʀᴏᴅᴜᴄᴛ, ᴀʙʙʀᴇᴠɪᴀᴛᴇᴅ ᴀs GDP, ɪs ᴛʜᴇ ᴛᴏᴛᴀʟ ᴠᴀʟᴜᴇ ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ᴘʀᴏᴅᴜᴄᴇᴅ ɪɴ ᴀ ᴄᴏᴜɴᴛʀʏ.
GDP ɪs ᴍᴇᴀsᴜʀᴇᴅ ᴏᴠᴇʀ sᴘᴇᴄɪғɪᴄ ᴛɪᴍᴇ ғʀᴀᴍᴇs, sᴜᴄʜ ᴀs ᴀ ϙᴜᴀʀᴛᴇʀ ᴏʀ ᴀ ʏᴇᴀʀ.
GDP ᴀs ᴀɴ ᴇᴄᴏɴᴏᴍɪᴄ ɪɴᴅɪᴄᴀᴛᴏʀ ɪs ᴜsᴇᴅ ᴡᴏʀʟᴅᴡɪᴅᴇ ᴛᴏ sʜᴏᴡ ᴛʜᴇ ᴇᴄᴏɴᴏᴍɪᴄ ʜᴇᴀʟᴛʜ ᴏғ ᴀ ᴄᴏᴜɴᴛʀʏ.
THANK YOU.❤
Answer:
GDP is the find value of the goods and services produced within the geographic boundaries of a country during a specified period of time