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Lubov Fominskaja [6]
2 years ago
5

What is the gross domestic product (GDP), and how can it be an indicator of development

History
1 answer:
WITCHER [35]2 years ago
7 0

Answer:

Gross Domestic Product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes.

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