Definition of GDP at market prices?

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2026-07-13 22:05

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Gross Domestic Product (GDP) at market prices refers to the total monetary value of all final goods and services produced within a country's borders over a specific period, typically measured annually or quarterly. It is calculated by summing the value added by all industries, including taxes and excluding subsidies on products. This measure reflects the market value of production and is commonly used to gauge the economic performance and overall health of an economy.

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