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The
gross domestic product (
GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country's economy.
...en.wikipedia.orgThis article includes a list of countries of the world sorted by their
gross domestic product (
GDP), the market value of all final goods and services from a
...en.wikipedia.orgReal
gross domestic product -- the output of goods and services produced by labor and
... The decrease in real
GDP in the third quarter primarily reflected
...www.bea.govData on
gross domestic product (
GDP), personal income/outlays, corporate profits , fixed assets, government receipts/expenditures.
www.bea.govGDP - definition of
GDP -
Gross Domestic Product. The total market value of all final goods and services produced in a country in a given year,
...www.investorwords.com
The
gross domestic product (
GDP) is one the primary indicators used to gauge the health of
... Measuring
GDP is complicated (which is why we leave it to the
...www.investopedia.comFederal Reserve to pump cash into financial system as US'
GDP plunges.
english.aljazeera.netgross domestic product n. ( Abbr.
GDP ) The total market value of all the goods and services produced within the borders of a nation during a.
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Wikipedia
Gross domestic product
From Wikipedia, the free encyclopedia
(Redirected from Gdp)
"GDP" redirects here. For other uses, see GDP (disambiguation).
Map of countries by 2007 GDP (nominal) per capita (IMF, April 2008).
CIA World Factbook 2007 figures of total nominal GDP (top) compared to PPP-adjusted GDP (bottom).
World map showing GDP (PPP) per capita.
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country's economy. GDP is defined as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year). It is also considered the sum of value added at every stage of production (the intermediate stages) of all final goods and services produced within a country in a given period of time, and it is given a money value.
The most common approach to measuring and understanding GDP is the expenditure method:
GDP = consumption + gross investment + government spending + (exports − imports), or,
GDP = C + I + G + (X-M).
"Gross" means depreciation of capital stock is not subtracted. If net investment (which is gross investment minus depreciation) is substituted for gross investment in the equation above, then the formula for net domestic product is obtained. Consumption and investment in this equation are expenditure on final goods and services. The exports-minus-imports part of the equation (often called net exports) adjusts this by subtracting the part of this expenditure not produced domestically (the imports), and adding back in domestic area (the exports).
Economists (since Keynes) have preferred to split the general consumption term into two parts; private consumption, and public sector (or government) spending. Two advantages of dividing total consumption this way in theoretical macroeconomics are:
Private consumption is a central concern of welfare economics. The private investment and trade portions of the economy are ultimately directed (in mainstream economic models) to increases in long-term private consumption.
If separated from endogenous private consumption, government consumption can be treated as exogenous,[citation needed] so that different government spending levels can be considered within a meaningful macroeconomic framework.
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