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gdp is

gdp is
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Answer #1

GDP stands for Gross Domestic Product, which is the market value of all final goods and services produced in a country within a period of time.

GDP is measured as the market value of the final good or service, meaning that the the intermediate goods are not counted. Also, GDP would measure the goods and service inside a geographical territory of the nation, meaning that it would would consider the products by foreigners are producing domestically, and would not consider the products which country's citizen are producing abroad. It would be counted within a period of time, usually varies from quarterly to yearly.

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