What is GDP?

**structuredsettl** · 01-30-2012 03:22 AM

Gross domestic product (GDP) refers to the market value of all final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living;GDP per capita is not a measure of personal income.

GDP = private consumption + gross investment + government spending + (exports − imports), or

\mathrm{GDP} = C + I + G + \left ( \mathrm{X} - M \right )

"Gross" means that GDP measures production regardless of the various uses to which that production can be put. Production can be used for immediate consumption, for investment in new fixed assets or inventories, or for replacing depreciated fixed assets. "Domestic" means that GDP measures production that takes place within the country's borders. In the expenditure-method equation given above, the exports-minus-imports term is necessary in order to null out expenditures on things not produced in the country (imports) and add in things produced but not sold in the country (exports).

**mdarman** · 01-30-2012 05:06 AM

The gross domestic product (GDP) is one the primary indicators used to gauge the health of a country's economy.

**optimizenewyork** · 01-30-2012 05:42 AM

Gross Domestic Product. The total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports. The GDP report is released at 8:30 am EST on the last day of each quarter and reflects the previous quarter. Growth in GDP is what matters, and the U.S.

**schumannrober** · 01-30-2012 05:45 AM

GDP is one of main symptoms used to evaluate the health of a nation's economic climate.

**felixdevin857** · 02-12-2012 05:04 AM

GDP signifies Gross Domestic Product. The GDP report is made public at 8:30 am EST on the final day of each quarter as well as reflects the previous quarter.

**a1alimo** · 02-13-2012 03:44 AM

Gross Domestic Product - GDP'
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 includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.

GDP = C + G + I + NX

**datesheet** · 02-13-2012 04:34 AM

dear thnks for sharing nice info, but tell me what is the reason to share this here at seo forums.....?

**commodity** · 02-13-2012 06:32 AM

The Gross Domestic Product or GDP is a measure of all of the services and goods produced in a country over a specific period, classically a year. The GDP considers the market value of goods and services to arrive at a number which is used to judge the growth rate of the economy and the overall economic health of the nation concerned. As an economic measure, the GDP can be a very useful yardstick, but it has some serious flaws which have led some people to propose the use of alternate measures of economic and social well being.

**Jordon** · 02-13-2012 06:33 AM

Well quite good piece of information but i am little week in economics. Can you guys tell me what does GDP deflator is?

**sunder0786** · 02-14-2012 08:10 AM

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 includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.

GDP = C + G + I + NX

where:

"C" is equal to all private consumption, or consumer spending, in a nation's economy
"G" is the sum of government spending
"I" is the sum of all the country's businesses spending on capital
"NX" is the nation's total net exports, calculated as total exports minus total imports. (NX = Exports - Imports)