what is GDP?How it is related to Economy?

Answer 1

GDP means Gross Domestic Product- it measures the size of a region's economy. The GDP of a country is defined as the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.

Answer 2

GDP means Gross Domestic Product of a country. It is the sum total of of economis production of the country for a given period of time (normally a year). It measures the economic strength of a country.