what is GDP rate follow me
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The gross domestic product (GDP) growth rate measures how fast components of an economy are growing. Those components can be added together via three methods: final expenditures, value-added in production, or income. In the final expenditure method, the GDP growth rate has four components.
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What is GDP rate?
Gross Domestic Product
Definition: GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year. GDP growth rate is an important indicator of the economic performance of a country.
- The gross domestic product (GDP) growth rate measures how fast components of an economy are growing. Those components can be added together via three methods: final expenditures, value-added in production, or income. In the final expenditure method, the GDP growth rate has four components.
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