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Thumbnail Maker App/Thumbnail Creator YouTube/2020.

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(GDP) GROSS DOMESTIC PRODUCT/2020 full form.

(GDP) GROSS DOMESTIC PRODUCT.

                                

www.myabbyblogs.com

Gross domestic product (GDP) is the total monetary or market value of all the finished goods services.


About GDP.


1) GDP is the total market value of the good and services product with in a country in specific duration of time.
2)GDP measures the monetary value of final good and services _that is those that are bought by the final user product in a country in a give period of time .

Sectors that contribute to GDP.


In India there are three main sectors.that contribute GDP.
1.Industry
2.service sector.
3.Agriculture including allied service.
GDP is the primary indicator to determine the growth of country's economy.

(GDP FORMULA)

Formula to calculate GDP 


private consumption+gross investment+ government spending+(exports-imports).


Location: United States

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