Gross Domestic Product (GDP)

Gross Domestic Product (GDP)

Measure of total production in the economy. Formula: Market value of all goods and services manufactured in a given period + earnings of foreign corporations and residents based in U.S. – earnings of U.S. corporates and residents based out of the country.

Related posts:

1. Gross National Product (GNP)
2. Real Gross Domestic Product
3. Gross Earnings
4. Edge Corporations
5. Graham-Harvey Measure 2