Q:

How do you define GDP?

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Quick Answer

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 exports, excluding imports that occur within a defined territory.

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Full Answer

GDP is one of the primary indicators used to measure the health of a country’s economy. It represents the total dollar value of all goods and services produced over a specific time period. Usually GDP is expressed as a comparison to the previous quarter or year. A significant change in GDP, whether up or down, has a significant effect on the stock market.

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