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Gross domestic product, or GDP, is a measure of a country's economic output over a certain time period—usually a year. GDP is looked to as a primary indicator of a country's economic health.
The gross domestic product (GDP) price deflator measures the amount by which total output is reduced by inflation. The GDP deflator formula includes the value of all final goods, including exports.
Economics is no different. Economists use many acronyms. One of the most common is GDP, which stands for gross domestic product. It is often cited in newspapers, on the television news, and in reports ...
GNP is related to another important economic measure called gross domestic product (GDP), which takes into account all output produced within a country's borders regardless of who owns the means ...
Gross domestic product continues to serve as the ... and companies place greater value in sustainability, the formula for GDP ignores several critical indicators like quality-of-life shifts ...
"The citizens of the rich nations find it difficult to grasp that higher gross domestic product from this point ... how seemingly minor tweaks to the GDP formula can have major consequences.
Real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the fourth quarter of 2024 (October, November, and December), according to the third estimate released by the U.S.