Value of all goods made within a county

Explanation:

Gross Domestic Product, or GDP, is the sum total of all the goods and services produced within a country. It's used to compare economic performance between countries. GDP can be measured by adding either consumption and investment, the value of final goods or total income.

Types of Gross Domestic Product (GDP)

Real Gross Domestic Product. Real GDP is the GDP after inflation has been taken into account.

Nominal Gross Domestic Product. Nominal GDP is the GDP at current prices (i.e. with inflation).

Gross National Product (GNP) ...

Net Gross Domestic Product.

GDP DEFINITION. Gross Domestic Product (GDP) measures the total market value of all final goods and services produced within a country in one year.

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