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» Stock market for beginner » What is GDP

GDP stands for Gross Domestic Product. this can be used for mensuration the health of a rustic. every country will announce its gross domestic product growth per annul. the higher growth in the gross domestic product suggests that, countries economy growing in the good pace. scheming the gross domestic product is not straightforward and also the countries could use the various techniques to live the gross domestic product. the calculation is done in one of every of 2 ways: either by adding up what everybody earned in a year (income approach), or by adding up what everybody spent (expenditure method). Logically, each measures should arrive at roughly an equivalent total. It tells North American country what quantity money was created in the economy over an explicit amount of your time.

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