Sociology Index


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: