PREVIOUSLY ASKED IN:
PSC Miscellaneous 2012
Answer
Gross Domestic Product
Explanation
The term GDP stands for Gross Domestic Product, which is a measure of a country's economic activity.
Key Points
- > GDP = Gross Domestic Product
- > Economic indicator
- > Domestic production
Additional Information
- The market value of all final goods and services produced within a country in a given period.
- It is a primary indicator of economic health.
- World Bank and IMF publish GDP data.
| Subject | Detail |
|---|---|
| Full Form | Gross Domestic Product |
| Measure | Economic Output |