Please tell the ans of ques 2
Dear Student,
GDP accounts for the flow of goods and services in an economy for a particular financial year.We count the value of all the final goods and services that were produced in a particular year. And to calculate GDP it’s necessary to count all the final goods and services which are produced in a particular year.We can calculate if for last 5 years to compare GDP from last five year plan.
Regards
GDP accounts for the flow of goods and services in an economy for a particular financial year.We count the value of all the final goods and services that were produced in a particular year. And to calculate GDP it’s necessary to count all the final goods and services which are produced in a particular year.We can calculate if for last 5 years to compare GDP from last five year plan.
Regards