| | | Gross Domestic Product - GDP Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well. GDP includes all private and public consumption, government outlays, investments and exports minus imports that occur within a defined territory. Put simply, GDP is a broad measurement of a nation's overall economic activity. Breaking It Down: GDP is commonly used as an indicator of the economic health of a country, as well as a gauge of a country's...
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Recently Added Definitions
Trade Credit A trade credit is an agreement where a customer can purchase goods on account (without paying cash)...
Normal Profit Normal profit is an economic condition occurring when the difference between a firm's total revenue and...
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