S E25: Gross Domestic Product - Adding Up Everything We Do
Think Like An Economist
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Macroeconomics - The Big Idea of Gross Domestic Product
We measure the size of an economy in terms of gross domestic product, or g d p. The thing that really helps me most is to understand that g d p per person is a measure of the average income per person. Greater income and greater resources probably are related to a level of material well being. It's time to think like an economist.
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