What is GDP ?

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GDP is known as Gross Domestic Product.

  • GDP estimates are commonly used to measure the economic performance of a whole country or region, but can also measure the relative contribution of an industry sector.
  • The gross domestic product (GDP) is one the primary indicators used to gauge the health of a country's economy.
  • The pattern of GDP growth is held to indicate the success or failure of economic policy and to determine whether an economy is 'in recession'.

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