Q1: What is included in the gross domestic product (GDP)?
A1: The gross domestic product (GDP) includes the total market value of all final goods and services produced by a country's economy during a specific time period.
Q2: What does the gross domestic product (GDP) measure?
A2: The gross domestic product (GDP) measures the overall economic output of a country by calculating the market value of all goods and services produced.
Q3: Which goods and services are counted in the gross domestic product (GDP)?
A3: All final goods and services produced by the economic agents within a country's economy are counted in the gross domestic product (GDP).
Q4: What does the gross domestic product (GDP) indicate about an economy?
A4: The gross domestic product (GDP) indicates the size and growth rate of an economy, reflecting the total value of all goods and services produced within the country.
Q5: What period of time does the gross domestic product (GDP) cover?
A5: The gross domestic product (GDP) covers a specified period of time, usually a year or a quarter.
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