Gross Domestic Product: Difference between revisions
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'''Gross domestic product''', or '''GDP''', is a [[macroeconomic]] measurement defined as ''the total market value of all final goods and services produced within an economy in a given year.''<ref>McConnell, B. ''Economics: Principles, Problems, and Policies.''' New York: McGraw Hill, 2003.</ref> | '''Gross domestic product''', or '''GDP''', is a [[macroeconomic]] measurement defined as ''the total market value of all final goods and services produced within an economy in a given year.''<ref>McConnell, B. ''Economics: Principles, Problems, and Policies.''' New York: McGraw Hill, 2003.</ref> | ||
==Notes and References== | ==Notes and References== | ||
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Revision as of 15:57, 26 September 2007
Gross domestic product, or GDP, is a macroeconomic measurement defined as the total market value of all final goods and services produced within an economy in a given year.[1]
Notes and References
- ↑ McConnell, B. Economics: Principles, Problems, and Policies.' New York: McGraw Hill, 2003.