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Definition of 'Gross Domestic Product' Definition:  GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year. GDP growth rate is an important indicator of the economic performance of a country.   Watch Video for more explanation: GDP = C + I + G + (X-M) where C: Household spending I: Capital Investment spending G: Government spending X: Exports of Goods and Services M: Imports of Goods and Services Tricks: If we want to convert Gross to Net Gross- Depreciation = Net Depreciation: - Depreciation refers to fall in the value of fixed assets due to normal wear and tear, the passage of time and expected obsolescence.   If we want to convert Domestic to National Gross national product (GNP) is an estimate of total value of all the final products and services produced in a given period by the means of production owned by a country's resi...

Here are 50  New pattern Syllogism  questions. Syllogism  Questions based on the new pattern helps you to prepare for  IBPS PO. SBI PO. RBI. IPPB. LIC. All Bank Exams To know tricks to solve them watch the video: Directions: In the following questions, only one Conclusion is given and five statements are given as a), b), c), d) and e. From  this, you have to take the statements to be true even if they seem to be at variance with commonly known facts and then  decide which of the given statement logically follows. 1. Conclusions: Some mouse is not monitor. Some keyboards are monitor. a) Statements I: Some screen is monitor. No monitor is keyboard. All keyboards are mouse. b) Statements II: All screens are monitor. No monitor is keyboard. Some keyboard is mouse c) Statements III: No screen is monitor. No monitor is keyboard. All keyboards are mouse d) Statements IV: All screens are monitor. All monitors are keyboard. No keyboard i...