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Gross Domestic product per Capita 22 Feb Gross domestic product (GDP) (see also gross domestic income) refers to the market value of all goods and services produced within a country in a given period. It is often considered an indicator of a country's standard of living.[1].[2] Gross domestic product is related to national accounts, a subject in macroeconomics. GDP can be determinedâ¦
What is the GDP Growth Rate. The Gross Domestic Product is the total dollar amount of all goods and services produced in a country. The GDP is the sum of everything people and companies in an economy produce. The GDP growth rate is the percentage change of GDP over a certain period, usually one year. This is a major measure of economic growth, as it reflects the total change in national output of a country's economy.