GDP revision

GDP stands for

• Global Domestic Product

• Global Domestic Price

• Gross Domestic Price

• Gross Domestic Product

What is GDP?

GDP doesn't include:

• unpaid work

• hidden economy

• underground economy

• criminal activity

• work in homes

GDP contributes to the overall

What is the GDP formula? what does it stand for and mean?

What is per capita GDP? and what's the formula?

what is the difference between nominal GDP and real GDP?

what do we use to convert between nominal GDP and Real GDP? type the formula.

GDP limitations include:

• hidden economy

• value of home produced goods

• statistical errors

• inflation

• all above

GNP stands for: