The value of all the goods and services (captial) a company produces in a company's fiscal year. GDP is often used to measure the strenght of a company's economy. The GDP of a country is defined as the market value of all final goods and services produced within a country in a given period of time. A common formula used to calculate GDP is: GDP =consumption+investment + (government spending) + (exports−import)
GDP is often used to measure a countries standard of living
The gross domestic product of a country is one way of measuring the size of said country's economy and is defined as the total market value of all goods and services provided by a country over a given time period.
the gross domestic product of the United States from the year 2000-2007
(Above the GDP per capita in worldwide in 2006)
The value of all the goods and services (captial) a company produces in a company's fiscal year. GDP is often used to measure the strenght of a company's economy. The GDP of a country is defined as the market value of all final goods and services produced within a country in a given period of time. A common formula used to calculate GDP is:
GDP = consumption + investment + (government spending) + (exports − import)
GDP is included in a countries Gross National Income (GNI).
GDP is often used to measure a countries standard of living
The gross domestic product of a country is one way of measuring the size of said country's economy and is defined as the total market value of all goods and services provided by a country over a given time period.
the gross domestic product of the United States from the year 2000-2007
edited by McCarthy-rundle