GDP is the monetary value of all the finished goods and services produced within a country's borders in a specific time period, usually annually.
 | | | 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 (in the United States, for example, the government releases an annualized GDP estimate for each quarter and also for an entire year). | | | 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 standard of... Read More | | | Related to "Gross Domestic Product - GDP" | | | | | | | | | Classical Growth Theory | | A theory on economic growth that argues that economic growth will end because of an increasing population and limited resources. Read More | | | | | Per Capita | | A Latin term that translates into "by head," basically meaning "average per person." Per capita can take the place of saying "per person" in any number of statistical observances. Read More | | | | Developed Economy | | A developed economy is an economy with sustained economic growth, security, high per capita income and advanced technological infrastructure. Read More | | | | | | | | | | Follow Us: |  |  | | | | | | |
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