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ANEK [815]
3 years ago
5

Gdp is the value of final goods and services produced in a in a given year.

SAT
1 answer:
Rufina [12.5K]3 years ago
8 0

Real GDP is the value of the final goods and services produced in a given year; It is expressed in terms of the prices in base year.

<h3>GDP (Gross Domestic Product)</h3>

GDP simply means Gross Domestic Product and it is defined as the total monetary or market value of all the final goods and services that were produced within a country for a particular year.

Now, GDP is a very good measure of domestic production because it functions as a valuable scorecard tool of the strength of a country's economy.

This GDP is usually expressed in terms of the prices in base year.

Read more about GDP at; brainly.com/question/2019431

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