GNP is related to another important economic measure called gross domestic product (GDP), which takes into account all output produced within a country's borders regardless of who owns the means ...

Gross domestic product, or GDP, is a measure of a country's economic output over a certain time period—usually a year. GDP is looked to as a primary indicator of a country's economic health.

The gross domestic product (GDP) price deflator measures the amount by which total output is reduced by inflation. The GDP deflator formula includes the value of all final goods, including exports.

Economics is no different. Economists use many acronyms. One of the most common is GDP, which stands for gross domestic product. It is often cited in newspapers, on the television news, and in reports ...

The author and editors take ultimate responsibility for the content. Gross Domestic Product, or GDP, is a measurement of economic output. It’s the total value of all the finished goods and ...