gdp full form

What does GDP stand for?

GDP Full Form is Gross Domestic Product. It is the main indicator that helps to gauge the economy of a nation. It stands for the total value of all services and goods produced for a given period. It can also be thought of as the size of the economy of a country.

Abbreviations of GDP

GDPGross Domestic Product
Full Form of GDP In Hindiसकल घरेलू उत्पाद

In general, GDP is projected in comparison with the preceding quarter of the year. GDP can be approximated in three ways to give out identical figures:

  • Based on Expenditure – The amount of money spent.
  • Based on Output – The number of goods and services sold.
  • Based on Income – The amount or percentage of profit earned.

Read More Full Form:

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GDP is constantly revised in order to obtain greater accuracy. GDP not only helps to measure the economy of a country but also helps to measure the contribution of the industrial sector relatively.

Finally, I hope you got info about The GDP Full Form, Abbreviations. If any reason please comment we improve it as soon.

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