Gross domestic product

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The gross domestic product (GDP) or gross domestic income (GDI) is the amount of goods and services produced in a year, in a country. It is the market value of all final goods and services made within the borders of a country in a year. It is often positively correlated with the standard of living,[1] alternative measures to GDP for that purpose.[2]

Gross domestic product comes under the heading of national accounts, which is a subject in macroeconomics.

Contents

Determining GDP

Africa · North America
South America · Asia
Europe · Oceania

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