Topics

Gross domestic product (GDP)

GDP is the value of all newly produced final goods and services produced in an economy within a given time period.

GDP can be analysed in terms of the output produced by different industries in the economy, or alternatively by expenditure on goods and services made by households, businesses and the government.

© 2002-2023 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.