Skip to main content

GDP Full Form. Full Form Of GDP.

Full Form of GDP is Gross Domestic Product 

Gross Domestic Product (GDP) is the total market value of goods and services that are produces within the country in a particular period of time. Gross Domestic Product (GDP) is important for country because it  measures the monetary value of final goods and services in the country  Ie, those that are bought by the final consumer  produced in a country in a given period of time.


Gross Domestic Product (GDP) is  used to measure the size of an economy and overall growth or decline in the economy of a country. Gross Domestic Product (GDP) indicates the economic health of a country as well as specifies the living standard of the people of a  country, i.e. as the GDP increases the living standard of the people also increases. A country having good GDP is considered as a good  for living .


In India,the three main sectors that contribute to GDP they are industry, service sector and agriculture . Gross Domestic Product (GDP)  is the primary indicator to determine the growth of a economy of a country.

There are many approaches to calculate Gross Domestic Product (GDP). The  simple approach to calculate Gross Domestic Product (GDP), it is equal to the total of private consumption, gross investment and government spending plus the value of exports, minus imports i.e. the formula to calculate Gross Domestic Product (GDP)  = private consumption + gross investment + government spending + (exports – imports).
Labels:

Comments

Post a Comment

Popular posts from this blog

LKG Full Form , What is the full form of LKG ?

The full form of LKG is Lower Kindergarten. Lower Kindergarten or LKG  is a  babysitter school or nursery school for the children of 3 to 4 years old .  Lower Kindergarten is a German word which literally means "garden for children". The duration of Lower Kindergarten or LKG is one year. The children spend around 2 to 4 hours in LKG in a day and are engaged in a wide range of lessons, learning activities and recreational activities. Also Read Full Form of BA Click Here. In India there are 3 years of elementary education before the primary education. These 3 years are Nursery, LKG (Lower Kindergarten), and UKG (Upper Kindergarten) are very important for children.  This primary education is very important as it helps build a strong foundation of education and makes the children more comfortable and ready for the primary education. Lower Kindergarten contains  basic sessions of writing, playing, singing, painting, music and many more. Lower Ki...
Post a Comment
Read more

HDFC Full Form, What is the Full Form of HDFC ?

Full Form of HDFC Bank. Housing Development Finance Corporation. Housing Development Finance Corporation (HDFC) bank is a housing finance corporation of India which mainly provides housing loans to low and middle class people to buy house and builders for their residential projects.  Housing Development Finance Corporation (HDFC) bank's  objective is to improve the residential housing Stock. By the provision of Housing Finance in a systematic way and to enhance home ownership in the country.  Housing Development Finance Corporation (HDFC)  was established on  On 17th Oct. 1977 as a Public Limited Company. Subsidiaries of Housing Development Finance Corporation (HDFC) Bank's are: 1.HDFC Developers Ltd 2.HDFC Investments Ltd 3.HDFC Holdings Ltd 4.HDFC Trustee Company Ltd 5.HDFC Realty Ltd 6.HDFC Property Ventures Ltd 7.HDFC Venture Capital Ltd 8.HDFC Ergo General Insurance Company Ltd 9.HDFC Standard Life Insurance Company Ltd.
Post a Comment
Read more

CCTV Full Form. What is the Full Form of CCTV?

Full Form of CCTV is Closed Circuit Television. Closed Circuit Television (CCTV) is also known video surveillance. CCTV is a system where all the elements like video camera, display monitors, recording devices are directly connected to each other.  It is used to monitor a sensitive area (A particular area which needs continuous observation and where there is no one to watch all  time).  CCTV is very helpful to prevent crime because it monitors all the activities and record them time to time .CCTV is also used for traffic monitoring by detecting congestion and notice accidents. CCTV uses wired or it can be wireless transmission to send the signals or broadcast to the monitor or recording device. CCTV can transmit video, audio or both to the monitor. Advanced CCTV cameras also have night vision capabilities to record low light videos or images. The CCTV signal are not publically distributed but are monitored for security purposes only. Components of...
Post a Comment
Read more