what is G.D.P
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The gross domestic product (GDP) is one the primary
indicators used to gauge the health of a country's economy.
It represents the total dollar value of all goods and
services produced over a specific time period - you can
think of it as the size of the economy. Usually, GDP is
expressed as a comparison to the previous quarter or year.
For example, if the year-to-year GDP is up 3%, this is
thought to mean that the economy has grown by 3% over the
last year.
| Is This Answer Correct ? | 16 Yes | 1 No |
Answer / vandana gupta
The monetary value of all the finished goods and services
produced within a country's borders in a specific time
period, though GDP is usually calculated on an annual
basis. It includes all of private and public consumption,
government outlays, investments and exports less imports
that occur within a defined territory.
GDP = C + G + I + NX
where:
"C" is equal to all private consumption, or consumer
spending, in a nation's economy
"G" is the sum of government spending
"I" is the sum of all the country's businesses spending on
capital
"NX" is the nation's total net exports, calculated as total
exports minus total imports. (NX = Exports - Imports)
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / sudipsahoo
GDP or Gross Domestic Product = Value of Goods and services
+ Revenue generated by foreign nationals and companies
working in the country - Revenue generated by own nationals
and companies from working in other nations.
In contrast, GNP or Gross National Product = Value of Goods
and services - Revenue generated by foreign nationals and
companies in a country + Revenue generated by Own nationals
and companies from working in other nations.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / madhu
Gross domestic Producr (GDP) is the total market value of
all the goods and services produced with in a country. GDP
is often confused with GNP. GNP is the total market value
of all goods and services produced by the people of a
country, not with standing their place of residence
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Answer / o.ravi kumar reddy
g.d.p is estimating total earning income from
agriculture,industres and service sectors for every year.
| Is This Answer Correct ? | 2 Yes | 6 No |
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