GDP is the total value of ____ produced during a particular year.

see full answer

High-Paying Jobs That Even AI Can’t Replace — Through JEE/NEET

🎯 Hear from the experts why preparing for JEE/NEET today sets you up for future-proof, high-income careers tomorrow.

An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

GDP (Gross Domestic Product) is the sum of the value of all the goods and services produced within an accounting year. It is the combined value of all the products in the three sectors, i.e., primary, secondary, and tertiary. The central government estimates it based on the whole country's production. It defines the overall growth of a country's economic health in terms of production. It can be used to adjust inflation in the country and calculated with income and expenditures. It is used to substantially estimate the size of an economy and the rate of growth.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Online Course for IIT JEE

Best Online Course for NEET

Best Online Course for CBSE

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Get Expert Academic Guidance – Connect with a Counselor Today!

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Online Course for IIT JEE

Best Online Course for NEET

Best Online Course for CBSE