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Gandhi Smriti to Organise ‘South Asia Regional Youth Peace Conference’ in New Delhi this month to mark celebration of 150th Birth Anniversary of Mahatma Gandhi
Raksha Mantri Smt Nirmala Sitharaman has formally launched ‘Mission Raksha Gyan Shakti’, here today. The event showcased salient inventions and innovations achieved by Defence Research and Development Organisation (DRDO), Defence Public Sector Undertakings (DPSUs) and Ordnance Factories (OFs) which have resulted in successful filing of Intellectual Property Right (IPR) applications
National Projects Construction Corporation Limited (NPCC) has been conferred with the status of Miniratna : Category –I by the Government of India.
Government of India and the Asian Development Bank signed a $75 million loan here today to provide 24 x7 water supply in Karnataka’s four coastal towns of Kundapura, Mangalore Puttur and Udupi and improve sanitation infrastructure for Mangalore town.
Economic Concept of the Day:
GROSS DOMESTIC PRODUCT (GDP)
Gross domestic product is the money value of all final goods and services produced within the domestic territory of a country during a year.
Usually, GDP is expressed as a comparison to the previous quarter or year.
For example, if the Q3 2017 GDP of a country is up 3%, the economy of that country has grown by 3% over the third quarter. While quarterly growth rates are a periodic measure of how the economy is faring, annual GDP figures are often considered the benchmark for the size of the economy.
GDP is a number that expresses the worth of the output of a country in local currency.
GDP tries to capture all final goods and services as long as they are produced within the country, thereby assuring that the final monetary value of everything that is created in a country is represented in the GDP.
GDP is calculated for a specific period of time, usually a year or a quarter of a year.
GROSS DOMESTIC PRODUCT (GDP)
Gross domestic product is the money value of all final goods and services produced within the domestic territory of a country during a year.
Usually, GDP is expressed as a comparison to the previous quarter or year.
For example, if the Q3 2017 GDP of a country is up 3%, the economy of that country has grown by 3% over the third quarter. While quarterly growth rates are a periodic measure of how the economy is faring, annual GDP figures are often considered the benchmark for the size of the economy.
GDP is a number that expresses the worth of the output of a country in local currency.
GDP tries to capture all final goods and services as long as they are produced within the country, thereby assuring that the final monetary value of everything that is created in a country is represented in the GDP.
GDP is calculated for a specific period of time, usually a year or a quarter of a year.
General Awareness with Kapil Kathpal pinned «Economic Concept of the Day: GROSS DOMESTIC PRODUCT (GDP) Gross domestic product is the money value of all final goods and services produced within the domestic territory of a country during a year. Usually, GDP is expressed as a comparison to the previous…»