Essay about Gross Domestic Product

Introduction
Gross domestic product (GDP) refers to the market value of all goods and services produced within a country in a given length of time. It is usually used to indicate countries standard of leaving. Simon Kuznets a n American economic researcher , who has pointed out that there is more to life than money, has been focusing on “gross national happiness “another way of indicating countries standard of leaving. But this time it is by measuring the change in our standard of living and by our quality of life instead of how much money we pocketed in a given period of time. The concept of gross national happiness or (GNH )was developed in an attempt to define an indicator that measures quality life or social progress in more holistic and physychological terms than gross domestic product .This idea has been followed from the upper echelons of Barack Obama to the prim minister of united Kingdome David Cameron the goal of measuring nations well being has been a major goal of this policy makers .They join the trend setter the Kingdome of Bhutan a Himalayan mountain country located in south Asia between republic of India and people republic of china .
Gross domestic income (G.D.P)