GDP Full Form is Gross Domestic Product ( सकल घरेलु उत्पाद ).
What is GDP?
GDP is the total market Value of all the goods and services produced within the country in a Specific time period.
What is GDP Formula ?
GDP = C + I + G + NX, where C (consumption ), I (investment) , G (Government Spending) & NX (Net Exports)
Types of GDP
- Real Gross Domestic Product. Real GDP is the GDP after inflation has been taken into account.
- Nominal Gross Domestic Product. Nominal GDP is the GDP at current prices (i.e. with inflation).
- Gross National Product (GNP)