GDP can be measured in a number of different ways: On the other hand, two consecutive three-month periods of contraction may indicate that an economy is in recession. Generally, growth of more than two percent indicates significant prosperous activity in the economy. Gross domestic product is defined by the Organisation for Economic Co-operation and Development (OECD) as "an aggregate measure of production equal to the sum of the gross values added of all resident and institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs." More simply, it can be defined as a monetary measure of the market value of final goods produced over a period of time, typically quarterly or yearly, that is often used to determine the economic performance of a region or country. * net income of foreigners refers to the income that domestic citizens earn abroad subtracted from the income foreigners earn domestically. GNP + indirect business taxes + depreciation + net income of foreigners* Personal consumption + gross investment + government consumption + net exports of goods and servicesĮmployee compensation + proprietors' income + rental income + corporate profits + interest income If any clarification on the terminology or inputs is necessary, refer to the information section below the calculators. The GDP (gross domestic product) can be calculated using either the expenditure approach or the resource cost-income approach below. Home / other / gdp calculator GDP Calculator
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |