What is GDP and GMP

Question

What is GDP and GMP

Accepted Answer

GDP stands for Gross Domestic Product, which measures the total value of goods and services produced in a country. GMP stands for Good Manufacturing Practice, which ensures products are consistently produced and controlled according to quality standards.

GDP is a key economic indicator used to assess the health of a country's economy
GMP is a set of guidelines that ensure products are consistently produced and controlled to quality standards
GDP includes consumer spending, government spending, investments, and net exports
Examples of GDP include the US GDP, China GDP, and Japan GDP
Examples of GMP include pharmaceutical companies following strict guidelines for drug manufacturing

What is GDP and GMP

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