GDP Full Form, What is the Full form of GDP? | GDP Full Form is Gross Domestic Product
GDP Full Form, What is the Full form of GDP? | What does GDP mean? | What means by GDP? The Full form of GDP is Gross Domestic Product . GDP is the total market value of all the goods and services produced within a country for a specific duration of time. GDP measures the monetary value of final goods and services – that is, those that are bought by the final user – produced in a country in a given period of time. It is used to measure the size of an economy and the overall growth or decline in the economy of a nation. It indicates the economic health of a country as well as specifies the living standard of the people of a specific country, i.e. as the GDP increases the living standard of the people of that country increases. A country having good GDP is considered a good country for living purposes. In India, there are three main sectors that contribute to GDP; industry, service sector, and agriculture including allied services. GDP is the primary indicator to determine