Q2 of 10 Page 454

How is Gross Domestic Product (GDP) measured?

Gross domestic product (GDP) is the value of all the good sand services produced in that area during that particular time period. It show big the economy is. It considers the value of all the final goods and services and the value of intermediate goods is not considered. It is done by the central agricultural ministry with the help of various government department, of all the state and union territories.


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