Gross Domestic Product (GDP) is the total value of goods and services produced in a country within a specific timeframe, crucial for assessing economic health.
Gross Domestic Product (GDP) is the market value of all final goods and services produced within a country's borders over a specific period, typically a year. It is calculated by adding up consumption (C), investment (I), government spending (G), and net exports ((X-M)). GDP provides a comprehensive measure of a country's economic performance and productivity.
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