Gross domestic product | Wikipedia audio article
Channel: Subhajit Sahu
Date: 2018-11-15

This is an audio version of the Wikipedia Article:
Gross domestic product

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SUMMARY
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Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons.
GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.