Usually compared by using the purchasing power parity or exchange rate methods, its nominal value can be altered using inflation rates to obtain the real value, but it does not account for negative externalities.
Usually compared by using the purchasing power parity or exchange rate methods, its nominal value can be altered using inflation rates to obtain the real value, but it does not account for negative externalities. It is usually the sum of investment, consumption, government spending, and the difference of exports and imports. For 10 points, name this measure of the total amount of goods and services produced within a certain territory per unit time.
Usually compared by using the purchasing power parity or exchange rate methods, its nominal value can be altered using inflation rates to obtain the real value, but it does not account for negative externalities.
{g}ross {d}omestic {p}roduct