What Is GDP?

What does GDP stand for? 

• Gross Dumpster Puke

• Gross Domestic Product

• Gravity Defying Parachutes

What is part of GDP? 

• Cars

• Clothes

• Doctors

• Hairdressers

• All of the above

Which equation best represents GDP?

• Goods+Services=GDP

• Goods-Services=GDP

What does GDP not represent?

• Goods 

• Services

• Goods and Services

• How fairly things are distributed

Why is it important to understand GDP? Use facts and details mentioned in the video to support your answer.