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Economics

Q. Explain about Gross Domestic Product?

Gross Domestic Product:Value of all the services and goods produced for money in an economy, evaluated at their market prices. Excludes the value of unpaid work (like caring reproductive labour performed in the home). GDP is calculated by adding up the value-added atevery stage of production.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9579327

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