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Banking Term: Gross Domestic Product

May 11, 2015 14:53 IST

    Banking Term: Gross Domestic Product

    • GDP stands for Gross Domestic Product
    • GDP is considered as the money value of all the finished goods and services produced within the country’s domestic boundaries in a specified time period.
    • It is generally calculated on the annual basis.
    • GDP is generally used to measure the economic performance of whole country or region.

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