Sociology Index

GROSS DOMESTIC PRODUCT

Gross Domestic Product is the value of all goods and services including the value of dividend, interest and other payments made to overseas investors produced by a nation over any one given year period. The gross domestic product (GDP) and gross domestic income (GDI), a basic measure of an economy's economic performance, is the market value of all final goods and services produced within the borders of a nation in a given year. "Gross" means that depreciation of capital stock is not subtracted out of Gross Domestic Product.

Gross Domestic Product can be looked at in three ways: