what does the letter G and the letter D stand for in terms of GDP?

what does the letter G and the letter D stand for in terms of GDP?

 

Answer:

GDP Stands for Gross Domestic Product.

The first letter “G” in GDP stands for Gross and second letter “D” in GDP stands for Domestic.

Gross Domestic Product (GDP) refers to the market value of the final goods and services produced during a year within the domestic territory of a country.

Conclusion:- The first letter “G” in GDP stands for Gross and second letter “D” in GDP stands for Domestic. The complete full form of GDP is Gross Domestic Product.

Asked on February 15, 2018 in economics.
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