60. Gross Domestic Product (GDP)
Gross Domestic Product (GDP) is one of the most widely used indicators to measure a country’s economic performance. It reflects the total value of goods and services produced within a nation over a specific period, offering insights into growth, productivity, and national well-being. This section explores the components of GDP, how it is calculated, its role in policymaking, and its limitations in capturing broader aspects of development such as inequality, sustainability, and quality of life.
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