Why GDP is so important?

A better way to measure the economy of a country is termed as Gross Domestic Product (GDP). Many would have heard the term but still some don’t know what is GDP and why it is so important? Everyone in the country should be aware of this mainly business people.

Now let’s start from

What is GDP?

GDP is the measurement of the total output value of goods and services which is produced during a given time period within a country's domestic borders. It is usually measured on annual basis but in some cases it is calculated in quarterly basis.


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