Gross domestic product

Market value of goods and services produced within a country

Gross domestic product (Under CC License)

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period, often annually. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.

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Resolves to maintain revenue & fiscal deficits below 3% of GSDP, debt stock within 25% mark
Credit: DNA - Published 6 days ago


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