what is full form of GDP | full form of GDP | Full form

what is full form of  GDP | full form of GDP | Full form

Let us Know About Full form of Gdp. Many people ask about it,  but donot get good answer. Today we will  tell  you all about full form of GDP.

Full form Of GDP-

GDP is one of the primary indicators used to see the health of a country's economy.
GDP stands for Gross Domestic Product.It is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) or income. To determine the economic performance of a whole country or region, and to make international comparisons.

Full form Of GROSS DOMESTIC PRODUCT:-

The GDP measures the value of economic activity within a country.  GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time.
It also represents the total sum of money value of all goods and services which are produced over a specific time period in a country, we can say India.

GDP can be expressed as a comparison to the previous quarter or year. Let us take if the year-to-year GDP is up 6%, this is thought to mean that the economy has grown by 6% over the time span of last year.

This calculation can be done in one of two ways like- either by adding up what everyone earned in a year (income approach), or by adding up what everyone spent (expenditure approach). Both measures should arrive at roughly the same total.

What GDP full form represents – GDP have a large impact on nearly everyone within that economy/geography. Let US see when the economy is healthy, you will typically see low unemployment and wage increases as businesses demand labor to meet the growing economy.
A  change in GDP, whether up or down, has a important effect on the stock market. It's not hard to understand. you should know a bad economy usually means lower earnings for companies, which translates into lower stock prices.

Investors worry about negative GDP growth. GDP is one of the factors economists use to determine whether an economy is in a recession.

what is full form of  GDP | full form of GDP | Full form


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