What Is GDP?

When does GDP increase or decrease? What is GDP?

  • please don't give me some web definition, i can find that on my own. Give it to me in your own words if you know the meaning.

  • Answer:

    Market value of goods and services produced by a country in a given amount of time. GDP = C + I + G + (X - M) simplified GDP = private consumption + gross investment + government spending + (exports - imports) GDP by the way is Gross Domestic Product.

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