significance of gross domestic products
class 10
pls write a good answer. do not use these points unnecessarily.
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significance of gross domestic products
class 10
pls write a good answer. do not use these points unnecessarily.
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Gross domestic product tracks the health of a country's economy.
It represents the value of all goods and services produced over a specific time period within a country's borders.
Economists can use GDP to determine whether an economy is growing or experiencing a Investors can use GDP to make investments decisions—a bad economy means lower earnings and lower stock price
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Explanation:
Definition of 'Gross Domestic Product'
Definition of 'Gross Domestic Product'Definition: GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year. GDP growth rate is an important indicator of the economic performance of a country.