Economics Gdp Questions
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country's borders during a specific time period, typically a year. It is used to gauge the economic performance and growth of a country and is calculated by adding up the value of consumption, investment, government spending, and net exports (exports minus imports). GDP is an important indicator of a country's economic health and is often used to compare the economic performance of different countries.