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    Gross Domestic Product Market Value

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    kiranaisha
    The Gross Domestic Product or GDP is a measure of the total value of goods and services produced in a country over a year. It considers the market value of goods and services to arrive at a number used to judge a nation's economic growth and health. While useful, the GDP has flaws, leading some to propose alternate measures of economic and social well-being.

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    Gross Domestic Product Market Value

    Uploaded by

    kiranaisha
    19 views1 page
    The Gross Domestic Product or GDP is a measure of the total value of goods and services produced in a country over a year. It considers the market value of goods and services to arrive at a number used to judge a nation's economic growth and health. While useful, the GDP has flaws, leading some to propose alternate measures of economic and social well-being.

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    GDP( gross domestic product)

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    Gdp

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    The Gross Domestic Product or GDP is a measure of the total value of goods and services produced in a country over a year. It considers the market value of goods and services to arrive at a number used to judge a nation's economic growth and health. While useful, the GDP has flaws, leading some to propose alternate measures of economic and social well-being.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    19 views1 page

    Gross Domestic Product Market Value

    Uploaded by

    kiranaisha
    The Gross Domestic Product or GDP is a measure of the total value of goods and services produced in a country over a year. It considers the market value of goods and services to arrive at a number used to judge a nation's economic growth and health. While useful, the GDP has flaws, leading some to propose alternate measures of economic and social well-being.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    The Gross Domestic Product or GDP is a measure of all of the services and goods produced in a country over a specific

    period, classically a year. The GDP considers the market value of goods and services to arrive at a number which is used to judge the growth rate of the economy and the overall economic health of the nation concerned. As an economic measure, the GDP can be a very useful yardstick, but it has some serious flaws which have led some people to propose the use of alternate measures of economic and social well being. When a GDP is calculated, it includes all private and government spending, goods and services produced, and exports. The GDP is adjusted for imports and inflation to arrive at a number which is believed to accurately reflect the sum total of the nation's goods and services. The GDP can be expressed as a bulk number, but it is more commonly converted into a GDP per capita, creating a number which reflects the average per citizen. High per capita GDPs are associated with overall improvements in standards of living.

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