Gross Domestic Product and Other Indicators

is a way of evaluating a country’s economy using statistical measures of its income, spending, and output.

• GDP

• National Income Accounting

• Nominal GDP

• Real GDP

is the market value of all final goods and services produced within a nation in a given time period.

• Nominal GDP

• Real GDP

• GDP

• National Income Accounting

states GDP corrected for changes in prices from year to year.

• Real GDP

• GDP

• National Income Accounting

• Nominal GDP

•states GDP in terms of the current value of goods and services.

• National Income Accounting

• GDP

• Nominal GDP

• Real GDP

What Gross Domestic Product (GDP) does not measure?

is the market value of all final goods and services produced by a country.

• Gross national product (GNP)

• Net national product (NNP)

• National income (NI)

• Personal income (PI)

• Disposable personal income (DPI)

is personal income minus taxes.

• Gross national product (GNP)

• National income (NI)

• Personal income (PI)

• Net national product (NNP)

• Disposable personal income (DPI)

is the value of final goods and services less the value of capital goods that have become worn out.

• Gross national product (GNP)

• Net national product (NNP)

• National income (NI)

• Personal income (PI)

• Disposable personal income (DPI)

is the income received by a country’s people from all sources.

• Gross national product (GNP)

• National income (NI)

• Personal income (PI)

• Net national product (NNP)

• Disposable personal income (DPI)

is the total income earned in a nation from the production of goods and services.

• Gross national product (GNP)

• Net national product (NNP)

• National income (NI)

• Personal income (PI)

• Disposable personal income (DPI)