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<span>The development of many new consumer goods</span>
<u>Answer:</u>
GDP(Gross Domestic Production) is used to detect inflation in the nation.
<u>Explanation:</u>
- GDP is a round figure of production of the nation which means taxes, wages, salaries, imported money, foreign exchange currency etc. that all comes under GDP.
- Through GDP, the nation concludes its inflation and production rate of the country. GDP also affects the stock market.
- GDP used to analyse performance of a country in a year. The next year’s budget is based on GDP which helps to bring economic reforms for the next economic year.
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