GDP stands for "Gross Domestic Product." It is a key economic indicator that measures the total value of all goods and services produced within a country's borders over a specific period, typically a year or a quarter. GDP is used to assess the economic performance and size of a country's economy.
Deepika Shukla
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The full form of GDP is Gross Domestic Product. GDP is the indicator of a country's economical status.
Yes
GDP - Gross Domestic Product
the economy is operating at full employment. Note: full employment is not the same as zero unemployment.
Potential GDP is basically the sum of growth in productivity, growth in labor force, and growth in number of hours worked. In a mature economy like the US, change in number of hours worked is insignificant and often ignored. -Potential GDP is the level of real GDP that the economy would produce if it were at full employment. When real GDP falls short of potential GDP the economy is not at full employment. When the economy is at full employment real GDP equals potential GDP. Real GDP can exceed potential GDP only temporarily as it approaches and then recedes from a business cycle peak.
The full form of GDP is Gross Domestic Product. GDP is the indicator of a country's economical status.
Yes
c s full form
GDP - Gross Domestic Product
the economy is operating at full employment. Note: full employment is not the same as zero unemployment.
The GDP of England is $2.198 trillion