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Gross domestic product

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  1. (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country's economy

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on November 13, 2008
  2. defined as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year)

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on November 13, 2008
  3. It is also considered the sum of a value added at every stage of production (the intermediate stages) of all final goods and services produced within a country in a given period of time, and it is given a money value

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on November 13, 2008
  4. The most common approach to measuring and understanding GDP is the expenditure method: "Gross" means depreciation of capital stock is not subtracted

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on November 13, 2008
  5. If net investment (which is gross investment minus depreciation) is substituted for gross investment in the equation above, then the formula for net domestic product is obtained

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on November 13, 2008
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