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GDP

GDP. Gross Domestic Product. What is GDP?. One of the major measures of the health and growth of a nations economy. ( economic indicator ) The output of final goods and services (expressed in currency) produced by labor and property in a country.

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GDP

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  1. GDP Gross Domestic Product

  2. What is GDP? One of the major measures of the health and growth of a nations economy. (economic indicator) The output of final goods and services (expressed in currency) produced by labor and property in a country. What residents in a country produce for end consumption, not as an input into another final good.

  3. How to Determine GDP GDP = Consumption + Investment + Government Spending + Net Exports

  4. Consumption Purchases of goods and services by households

  5. Investments Purchases of fixed assets by businesses, new homes by households, and inventories

  6. Government Spending Final purchased by federal, state, and local governments

  7. Net Exports The final amount a country exports minus the amount it imports.

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