What is gdp?.

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Yogesh Bansal (Querist)
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23 November 2011 Dear Experts,

i wanna know that what is GDP and its growth rate in terms of layman language and how does it measure?.

Thanks,

Yogesh Bansal

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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23 November 2011 BANSAL JI,

Gross domestic product (GDP) refers to the market value of all final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living.

MORE INFO:
http://www.tradingeconomics.com/india/gdp-growth

FOR MEASURE:

http://www.trcb.com/Finance/Economics/GDP-and-Its-Measurement-1055.htm