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Economic Development and Its Indicators

GDP stands fo...

Question

GDP stands for gross domestic .

A

price

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B

produce

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C

product

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D

purchasing

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Solution

The correct option is C product
GDP or gross domestic product is an economic indicator. It is used to measure the money value of total goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year.

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Economic Development and Its Indicators

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