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What do mean by GDP (gross domestic product)?

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What do mean by GDP (gross domestic product)?

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GDP is one of the ways to measure national income of country. GDP is defined as the total cost of all finished goods and services produced within the country in a stipulated period of time (usually a 365-day year). It is sometimes regarded as the sum of profits added at every level of production (the intermediate stages) of all final goods and services produced within a country in a stipulated timeframe, and it is rarely given a monetary value.

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