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12-02-2021
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What is the gross domestic product (GDP), and how can it be an indicator of development

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12-02-2021

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Gross Domestic Product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes.

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