Difference between revisions of "GDP"

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[[File:GDP.png|thumbnail|right|400px|GDP section in the [[economy]] page.]]
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The '''Gross domestic product''' ('''GDP''') or '''Gross domestic income''' ('''GDI''') is one of the measures of national income and output for a given [[Countries|country]] economy. GDP is used as an indicator of standard of living in an economy, the rationale being that all citizens would benefit from their country's increased economic production.
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Gross domestic product is calculated based on manufactured goods * average price. The GDP is country specific. On the economy page of every country, you can see daily GDP for the last seven days, for each of the four industries: [[food]], [[weapon]], [[house]] and [[aircraft]].
  
The '''Gross Domestic Product''' ('''GDP''') or '''Gross Domestic Income''' ('''GDI''') is one of the measures of national income and output for a given [[Countries|country]] economy. GDP is defined as the total market value of all final goods and services produced within the country in the last thirty days. GDP is used as an indicator of standard of living in an economy, the rationale being that all citizens would benefit from their country's increased economic production.
 
:''See also: [[Formulas#Gross_Domestic_Product|Formula for calculating GDP]]''
 
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[[Category:Economy]]

Revision as of 15:57, 8 February 2019

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GDP section in the economy page.

The Gross domestic product (GDP) or Gross domestic income (GDI) is one of the measures of national income and output for a given country economy. GDP is used as an indicator of standard of living in an economy, the rationale being that all citizens would benefit from their country's increased economic production.

Gross domestic product is calculated based on manufactured goods * average price. The GDP is country specific. On the economy page of every country, you can see daily GDP for the last seven days, for each of the four industries: food, weapon, house and aircraft.