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Ep. 130: Demystifying GDP

The Seen and the Unseen - hosted by Amit Varma

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The History of the GDP

Gross domestic product is the total market value of goods and services produced in a country, in a particular year. There are three different ways to measure it: production approach, expenditure approach and income approach. Rajeshwari Singh Gupta says that all of these approaches yield the same number of discrepancies.

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