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    Define GDP In Economics

    Define GDP, Real GDP, Nominal GDP in detail. What is the meaning of GDP deflator in economics. Explain the methods of measuring GDP.

    asked 1 year ago

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    GDP stands for Gross Domestic Product. It is a method of measuring the size of economy of a country. We can define as the total market value of all the goods and services produced in a given period of time in a country.

    You can find further information on the following link

    en.wikipedia.org

    answered 1 year ago

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