GDP, or Gross Domestic Product, is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period. It includes all private and public consumption, investments and ... More »

An earthquake is defined as a series of vibrations within the earth's crust that are caused by the rupture of its rocks. This rupture is due to the gradual accumulation of elastic strain within the crust. More »

A typhoon is a tropical storm that forms over warm ocean water and rotates around a central eye. A typhoon is another name for a hurricane. More »

The components of Gross Domestic Product (GDP) are personal consumption expenditures, business investment, government spending and net exports of goods and services. GDP describes what a country's economy produces. More »

GDP stands for gross domestic product, which is the market value of finished goods and services manufactured in a country within a set time frame, typically one year. This includes consumer spending, government spending,... More »

Nominal GDP is a measure of the Gross Domestic Product in absolute terms, while real GDP is a measure that factors in the rate of inflation. More »

The income approach to calculating GDP measures the total amount paid to produce goods and services, while the expenditure approach to calculating GDP measures the total amount spent purchasing goods and services, accord... More »