what do you mean by gross domestic productgross, Macroeconomics

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what do you mean by gross domestic productgross

What do you mean by Gross Domestic Product?

Gross Domestic Product (GDP):

It measures the value of economic activity which is output produced, into the geographical boundaries of a country in a specified period of time, generally one year. Gross Domestic Product involves the value of products made in this country through overseas-owned business.

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