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What is GDP???
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Answer / ranjeet prasad
GDP is all about.....
Y = C + I + E + G
where Y = GDP, C = Consumer Spending I = Investment made by
industry E = Excess of Exports over Imports G = Government
Spending
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / gaurav
GDP is the market value of all finished goods & services
produced in our country,except exported goods & services,
within a specific pertiod of time.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / bharat
Every qtr they come out with GDP figure which will really
tell how the country is doing , For example every day you
do you daily income and spendings atleast on the income
side you just calculate it at the end , you finally see how
much you have spent and how much you have saved every month
and if the saving gets increased then you will feel like
you are growing same way but too complicated logic is
involved when it comes to finishing out how a country is
doing on the growth side,
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rohit kumar agarwal
GDP IS THE SUM TOTAL OF VALUE OF GOODS AND SERVICES PRODUCED WITHIN A ECONOMY WITHIN A ACCOUNTING YEAR EXCLUDING NFIA(NET FACTOR INCOME EARNED FROM ABROAD).
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / parry
GDP = Total income(ie total monetary value of finished
goods and services of a country) + income earned by the
people of the country in abroad - income earned by the
foriegners in the country.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / deepak
The Gross Domestic Product or GDP is a measure of all of the services and goods produced in a country over a specific period; classically a year. GDP during 2008-09 is 6.7%.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sunny
GDP stands for grose domestic product.
The total value of the goods and services produced in a
year.
| Is This Answer Correct ? | 2 Yes | 3 No |
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