Gross Domestic Product
Gross Domestic Product
Gross Domestic Product (GDP) is the total value of all final goods and services produced within a country's borders during a given period, usually one year. Only final output is counted to avoid counting the same production more than once.
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.