That is customary to mention or cite as GDP corresponds to an acronym that summarizes the expression of Gross Domestic Product, a concept extended in numerous countries such as GDP (Gross Domestic Product). It is a notion that encompasses the total production of services and goods of a nation during a certain period, expressed in a monetary amount or price.

In deepening the importance of GDP, it is noted that it’s intended by a national accounting and only encompasses the products and services that emerged in the framework of the formal economy (that is, it ignores what is known as work in black, service exchanges between friends, illegal businesses, etc.).

To Read More : What is GDP?https://www.marketing2business.com/definition/what-is-gdp/