How to Calculate the GDP of a Country
The gross domestic product (GDP) of a nation is an estimate of the total value of all the goods and services it produces during a specific period, usually a quarter or a year. Its greatest use is as a point of comparison: Did the nation's economy grow or contract compared to the previous period measured? There are two main ways to measure GDP: by measuring spending or by measuring income. And then there's real GDP, which is an adjustment that removes the effects of inflation so that the economy's... Читать дальше...