GDP or Gross domestic product

Posted on February 20, 2011 by Thomas DeGrace

GDP or Gross domestic product is the total of all goods and services that are produced by a country in a given time period such as quarterly or yearly.

Understand How GDP Works

To determine what the GDP is, you need add private consumption, gross investment and government spending.  Lots of factors can effect the growth and contraction of GDP including monetary policy, unemployment rate, financial system health and corporate/business profits.

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