1887

GDP and spending

Domestic product covers different indicators of national accounts with a focus on Gross Domestic Product (GDP). GDP is the standard measure of the value of final goods and services produced by a country during a period minus the value of imports. While GDP is the single most important indicator to capture these economic activities, it provides only a limited measure of people's material living standards.

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Keywords: GDP, GFCP, investment, Gross domestic product, value added

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