Definitions The GDP or Gross Domestic Product of a country is the sum of everything produced within the borders of that country. This includes, cars manufactured, dentistry fillings completed, psychological help provided, websites design, brochures printed, and much much more. (Article continues below)
Why measure GDP?
GDP is a useful tool for measuring the overall economic health of a country. An increase in GDP is synonimous with economic growth. A decrease in GDP is synonimous with an economic slowdown.
