What is GDP? How does it reflects the progress of a nation ???

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What is GDP? How does it reflects the progress of a nation ???

2006-12-13 02:06:14 · 3 answers · asked by Eric 1 in Politics & Government ➔ Other - Politics & Government

3 answers

Gross Domestic Product

2006-12-13 02:07:38 · answer #1 · answered by msprism1913 2 · 0⤊ 0⤋

GDP is Gross Domestic Product, It is calculated by simply deducting total Expenses from total Income..Though income and expense include a lot of categories in it, but that's a big hours thing to explain all of them here.. you can go to wider scope better.

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2006-12-13 10:10:19 · answer #2 · answered by virgincloud 2 · 0⤊ 0⤋

Gross domestic product. A measure of productive economic activity.

2006-12-13 10:07:29 · answer #3 · answered by Anonymous · 2⤊ 0⤋