Answer to Question #324467 in Macroeconomics for heba

Question

Gross domestic product?

Answer 1

Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. It can be calculated using expenditures, production, or incomes.

There are several types of GDP as listed below

• Nominal GDP
• Real GDP
• GDP Per Capita
• GDP Growth Rate
• GDP Purchasing Power Parity (PPP)