Gross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period.GDP 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 is arguably more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market. The OECD defines GDP as "an aggregate measure of production equal to the sum of the gross values added of all resident and institutional units engaged in production and services." An IMF publication states that, "GDP measures the monetary value of final goods and services—that are bought by the final user—produced in a country in a given period of time." Total GDP can also be broken down into the contribution of each industry or sector of the economy.

Gross Domestic Product, or GDP, is a monetary measure of the market vlue of all final goods and services produced over a period of time. GDP provides a broad measure of overall domestic production, functioning as a comprehensive scorecard for a countrys economic health. Typically Gross Domestic Product is calculated on an annual basis. However, it is possible to calculate GDP quarterly. In the United States, the government releases an annualized GDP estimate for each quarter, as well as for the entire year. Most of the individual data sets will also be given in real terms, meaning that the data is adjusted for fluctuations in price, and is therefore, a net of inflation.

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This article examines the financing of GDP growth within the framework of catch-up, evolutionary and dynamic models of economic development. Methods/statistical analysis: using the principles of the Solow model and the Cobb-Douglas function, an analysis of the …

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This article examines the financing of GDP growth within the framework of catch-up, evolutionary and dynamic models of economic development. Methods/statistical analysis: using the principles of the Solow model and the Cobb-Douglas function, an analysis of the …

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This article examines the financing of GDP growth within the framework of catch-up, evolutionary and dynamic models of economic development. Methods/statistical analysis: using the principles of the Solow model and the Cobb-Douglas function, an analysis of the …

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This article examines the financing of GDP growth within the framework of catch-up, evolutionary and dynamic models of economic development. Methods/statistical analysis: using the principles of the Solow model and the Cobb-Douglas function, an analysis of the …

www.jstor.org [PDF]

This article examines the financing of GDP growth within the framework of catch-up, evolutionary and dynamic models of economic development. Methods/statistical analysis: using the principles of the Solow model and the Cobb-Douglas function, an analysis of the …

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This article examines the financing of GDP growth within the framework of catch-up, evolutionary and dynamic models of economic development. Methods/statistical analysis: using the principles of the Solow model and the Cobb-Douglas function, an analysis of the …

www.journalofbusiness.org [PDF]

This article examines the financing of GDP growth within the framework of catch-up, evolutionary and dynamic models of economic development. Methods/statistical analysis: using the principles of the Solow model and the Cobb-Douglas function, an analysis of the …

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