Product (GDP)
Chapter 2: Chapter 1 · Social Science · EN medium
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Produced in the country: GDP of India includes only the market value of goods and services produced in India. For example, the market value of apples produced in Kashmir are included in our GDP since Kashmir is in India. The market value of apples produced in California, even if they are sold in Indian markets, they are not included in our GDP, because California is in the U.S. Produced during a time period The GDP of a country measures the market value of goods and services produced only during the specified time period. The goods and services produced in earlier periods are not included. The modern concept of GDP was first developed by Simon
📖 Class 10 Social Science English 2025 Edition www.tntextbooks.in · Page 300
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Produced in the country: GDP of India includes only the market value of goods and services produced in India. For example, the market value of apples produced in Kashmir are included in our GDP since Kashmir is in India. The market value of apples produced in California, even if they are sold in Indian markets, they are not included in our GDP, because California is in the U.S. Produced during a time period The GDP of a country measures the market value of goods and services produced only during the specified time period.
The goods and services produced in earlier periods are not included. The modern concept of GDP was first developed by Simon
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