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What does GDP stand for in economics? (2021)
Practice Questions
Q1
What does GDP stand for in economics? (2021)
Gross Domestic Product
General Domestic Product
Gross Development Product
General Development Product
Questions & Step-by-Step Solutions
What does GDP stand for in economics? (2021)
Steps
Concepts
Step 1: Understand that GDP is an abbreviation.
Step 2: Know that GDP stands for 'Gross Domestic Product'.
Step 3: Learn that Gross Domestic Product measures the total value of all goods and services produced in a country.
Step 4: Recognize that GDP is used to assess the economic performance of a country.
No concepts available.
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