GDP full form? explain how GDP ismeasured and its use?

ANSWER TO THE ABOVE QUESTION GDP - Gross domestic Prdouct. Gross domestic product (GDP) refers to the market value of all final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living;] although this can be problematic because GDP per capita is not a measure of personal income. See Standard of living and GDP. Gross domestic product is related to national accounts, a subject in macroeconomics. GDP was first developed by Simon Kuznets for a US Congress report in 1934,[4] who immediately said not to use it as a measure for welfare (see below under limitations). USA tops in this list. India stands at 9th place in GDP list.

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