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
|GDP||Gross Domestic Product|
|Full Form of GDP In Hindi||सकल 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:
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.
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