Posted On: Mar 18, 2020
GDP (Gross Domestic Product) is the measure of the market value of all the goods and services produces in a specific period of time. It is used to measure a country’s economic health. The GDP is normally calculated on an annual basis for a country or a state to measure how it performed economically during that period of time. It can in three ways such as the production approach, the income approach, and the expenditure approach.
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