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Full Form of GDP in Economics

Posted on June 24, 2018 By Frndzzz

GDP : Full form in Economics , its meaning and information is given below, so check it out some details on full form of the term GDP which is used in Economics.

The full form of GDP in Economics is Gross Domestic Product. The term GDP  is a monetary measure of the market value of all the services and goods which is produced in a given period of time.

GDP can be used the determine the economic performance of any region or a country and to make international comparisions.

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