S E25: Gross Domestic Product - Adding Up Everything We Do
Think Like An Economist
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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