Question #324467
Gross domestic product?
Expert's answer
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)
