How to gdp are work in economic development

I want understand how gdp are working in economic development

Your Answer

see the country can print its currency on behalf of the goods and services it is producing for ex if the GDP of India is 3.1 trillion dollars it means it is producing goods and services of total cost 3.1 trillion dollars...if it produces currency greater than the cost of goods produce then the inflation would be higher ...you can see it in Venezuela where 1kg meat costs 100000 rupees....if your GDP increase then automatically services will increase and global dominance will increase... which leads to much more foreign investment... thank you hope you like it

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