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The Gross domestic product of the United States in 2107 was 19.48 trillion USD.
What is the Gross domestic product?
- GDP calculates the monetary value of the final goods and services those purchased by the consumer produced in a nation during a specific time period.
- It accounts for all the output produced inside a nation's boundaries.
What are the three types of GDP?
- The total value of all commodities and services produced, valued at the going rate in the market.
- Real GDP is the total amount of goods and services produced with prices remaining constant.
- Actual GDP is the continuous, real-time measurement of all outputs at any given moment.
The Gross domestic product of the United States in 2107 was 19.48 trillion USD.
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