Question

please define gdp pr
gross domestic product .
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Answer 1

Answer:

Gross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period

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Answer 2

Answer:

Gross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period.

Gross domestic product (GDP) is one of the most common indicators used to track the health of a nation's economy. The calculation of a country's GDP takes into consideration a number of different factors about that country's economy, including its consumption and investment.

GDP is perhaps the most closely-watched and important economic indicator for both economists and investors alike because it is a representation of the total dollar value of all goods and services produced by an economy over a specific time period. As a measurement, it is often described as being a calculation of the total size of an economy. GDP is also a key factor in using the Taylor rule, which is a primary method used by central bankers to evaluate economic health and set the target interest rates in an economy.