Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
GDP
04-18-2008, 07:54 PM
Post: #1
GDP
GROSS DOMESTIC PRODUCT

WAT IS IT
AND HOW IT RISES AND DECLINES


REGARDS
Visit this user's website Find all posts by this user
Quote this message in a reply
04-19-2008, 11:47 PM
Post: #2
 
<b>Gross Domestic Product</b> A measure of the total flow of goods and services produced by the economy over a specified period, normally a year. Because income arising from investments and possessions owned abroad is not included, only the value of the flow of goods and services produced in the country is estimated. Hence the word 'domestic' to distinguish it from the Gross National Product.

Therefore GDP is a measure of an economy's economic performance. It is the market value of all goods and services produced within the boundaries of a country.

For more detailed knowledge of the subject, kindly follow this link
http//en.wikipedia.org/wiki/Gross_domestic_product


Hope that helps!
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)