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freezo1994 freezo1994
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What is gross domestic product?

▸ Products a country is famous for producing

▸ An up and down swing in the economy.

▸ A measure of a country's economic health.

▸ All products produced and used within a country

▸ An indication of an economy that is growing and consumers are spending more money.
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Business in Action

Business in Action


Edition: 9th
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PWT82PWT82
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A measure of a country's economic health.

The broadest measure of an economy's health is the gross domestic product (GDP). Gross domestic product measures a country's output-its production, distribution, and use of goods and services-by computing the sum of all goods and services produced for final use in a country during a specified period (usually a year).
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