*GDP*

“GROSS DOMESTIC PRODUCT”

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*a ‘monetary measure’ of the ‘market value’ of all “final goods and services” produced in a ‘period’*
(‘quarterly’ or ‘yearly’)

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(‘nominal GDP’ estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons)

(‘Nominal GDP per capita’ does not, however, reflect differences in the ‘cost of living’ and the ‘inflation rates’ of the countries; therefore using a basis of GDP at ‘purchasing power parity’ (PPP) is arguably more useful when comparing differences in ‘living standards’ between ‘nations’)

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*WIKI-LINK*

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πŸ‘ˆπŸ‘ˆπŸ‘ˆβ˜œ*β€œECONOMIC TERMS”* ☞ πŸ‘‰πŸ‘‰πŸ‘‰

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πŸ’•πŸ’πŸ’–πŸ’“πŸ–€πŸ’™πŸ–€πŸ’™πŸ–€πŸ’™πŸ–€β€οΈπŸ’šπŸ’›πŸ§‘β£οΈπŸ’žπŸ’”πŸ’˜β£οΈπŸ§‘πŸ’›πŸ’šβ€οΈπŸ–€πŸ’œπŸ–€πŸ’™πŸ–€πŸ’™πŸ–€πŸ’—πŸ’–πŸ’πŸ’˜

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*🌈✨ *TABLE OF CONTENTS* ✨🌷*

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πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯*we won the war* πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯