Question 24 of 29
Q.Define Gross State Domestic Product (GSDP).
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2024Subjective· 2mImportance★★★★★
83% · 24/29 Questions
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Start your 14-day free trial to unlock the full solution →GSDP is the money value of all final goods and services produced within a state's boundary in one year — the state-level version of GDP.
Gross State Domestic Product (GSDP) is the market value of all final goods and services produced within the geographical territory of a state (such as Tamil Nadu) during a particular year, usually a financial year. It is the state-level counterpart of the national Gross Domestic Product (GDP) and is the main indicator used to measure the size and growth of a state's economy. Dividing GSDP by the state's population gives th …
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