The market value of all final goods and services produced within a nation in a given time period is called GDP.
The GDP estimates the monetary value of the consumable goods and services produced in a country over a certain time period (say a quarter or a year). It takes into account every product made entirely within a country's borders.
The gross domestic product (GDP) is the total monetary or market value of all finished products and services produced within a country's borders over a specific time period (GDP). Because it is a broad indication of total domestic production, it provides a comprehensive evaluation of the state of the economy in a particular country.
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