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What is gdp?.

This query is : Resolved 

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

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



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