Measuring the size of the economy: gross domestic product

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added blog Financial Services

2023-03-27 19:35:59 -

Key points The size of a nation’s economy is commonly expressed as its gross domestic product, or GDP, which measures the value of the output of all goods and services produced within the country in a year. *GDP is measured by taking the quantities of all final goods and services produced and sold in markets, multiplying them by...

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