S E25: Gross Domestic Product - Adding Up Everything We Do
Think Like An Economist
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What Is Gross Domestic Product?
Gross domestic product is the market value of all final goods and services produced within an economy in a year. Currently, g d p is around 65 thousand per person in the united states. The total value of all these goods and services we produce in a year adds up to around 20 trillion in the us.
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