Gross Domestic Product & it’s Various Approaches
Journal Title: International Journal of Tax Economics and Management - Year 2018, Vol 1, Issue 2
Abstract
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.
Authors and Affiliations
Satish Chandra Agarwal
Keywords
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