Gross Domestic Product (GDP)

Posted on 2023-04-18 Updated on 2023-04-18

Gross Domestic Product (GDP) is a measure of the size and growth of an economy. It represents the total value of all goods and services produced within a country's borders in a specific time period, usually a year. GDP is an important economic indicator as it reflects the overall health of an economy and is often used to compare the economic performance of different countries. It is calculated by adding up the total value of consumption, investment, government spending, and net exports (exports minus imports).

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