Explain is GDP purchasing power and Labour force?

Answer 1

GDP is gross domstic product = the market value of all final goods and services produced within a country in a given period of time.

Purchasing power is related to living standard. In economics, purchasing power refers to the amount money — or, more generally, liquid assets — can buy.

As for labour force, this means the number of able bodied individuals that are currently engaged in either full or part time jobs and are generating income to support themselves and their families.