What is Gross Domestic Product (GDP) and why is it important?

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Mudassir Ali 8 months 1 Answer 106 views

Answer ( 1 )

  1. The Gross Domestic Product (GDP) is one of the most commonly used indicators of country’s economics wealth. It is also usually used as a key indicator of the size of economy. Most often it is expressed as a comparison to a previous period of time (usually a quarter or a year).

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