GDP stands for Gross Domestic Product. Apparently GDP or Gross Domestic Product is a figure that tells about the growth of a country taking into consideration various number of factors. Growth in GDP is the most crucial component.
Actually GDP for any country can be summed up as the total market value of all final goods and services manufactured or produced within that country in a particular year. This value or figure is equal to total volume of consumers, investments and government spending. Value of total exports of that country is added into this figure whereas value of total imports in that country is subtracted from that figure.
What is Gross Domestic Product or GDP | Bizcovering
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