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4.1.2 measurement of national income
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GDP: A Domestic Measure

GDP: A Domestic Measure

Gross Domestic Product (GDP) is the total value of all final goods and services produced within a country's borders during a period, usually one year. It measures production by location, regardless of who owns the factors of production.

4.1.2 measurement of national income Lesson

  1. Intl A Level
  2. /Economics
  3. /4.1.2 measurement of national income

Step-by-step lessons on CIE Intl A Level Economics 4.1.2 measurement of national income. Each one builds up to exam-style questions.