GDP represents the financial gain that the causes of production necessitate in command to generate brand-new enterprises, merchandises, and services. It's the method they employ.
What is GDP?
GDP refers to the Gross domestic product. It is the standardized measurement of the value added that is created through the production of goods and services in a country during a definite period.
It also measures out the income gained from that manufacture, or the total amount passed on final goods and services.
Therefore, GDP represent income for all factors of production because it is important to represent the product of the country, and it is also called as it shows what they use.
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