What Is Gross Domestic Product (GDP)? Gross domestic product (GDP) is the total value of goods and services a country produces in a given period, usually a year. It measures a country's economic size and includes consumption, investment, government spending, and net exports, excluding imported...
What is gross domestic product? Gross domestic product is often used as a gauge of a country’s economic health and the overall size of its economy. Key points related to GDP include: 1.Production and output: GDP quantifies the economic output of a country by summing up the value of all...
Gross domestic product (GDP)is the total value of everything produced within a country's borders. When economists talk about the "size" of the economy, they are referring to GDP. Key Takeaways Gross domestic product (GDP) is the value of everything produced in a particular country. ...
Definition:Gross Domestic Product, or GDP, represents the total value of a country’s economic output in a given time period. In other words, it’s the dollar amount of all goods and services that a country produces during the period. The GDP formula is calculated by adding up all of con...
The term GDP stands for Gross Domestic Product, is a measure of market value of all finished goods and services which are newly produced, during a particular period and that too within the domestic territory of the country.
Gross Domestic product is a tool a country uses to best measure its economy. Gross Domestic Product represents the total value of everything people and companies produce within a given country. Whether or not a person is a citizen, or a company is foreign-owned, does not matter.Transcript...
What is gross domestic product (GDP) and what are its components? Spending: The term spending refers to the expenses that a nation's citizens, businesses, organizations, and government incur from their income in the economy to gain utility. ...
Gross domestic product (GDP) is the value of services and goods produced in the economy of a country. It’s usually calculated yearly or quarterly. GDP measures the state and health of a specific economy. You could look at it alone, but also use it to make comparisons with other countries...
解析 About 2.2 trillion.About 2.2 trillion. 解析:参见第3段最后2句:Last year China saved about half of its gross domestic product,or some $1.1 trillion.其大意是:去年中国的储蓄额约为1.l万亿美元,相当于其国内生产总值的一半。由此可推算出国内生产总值大约2.2万亿美元。
Gross Domestic Problem Gross Domestic Product (GDP) is arguably the best-known statistic in the contemporary world, and certainly amongst the most powerful. It drives government ... F Lorenzo - Zed Books 被引量: 42发表: 2013年 Reforming Business Taxes : What is the Effect on Private Sector ...