What is the gross domestic product, what does it measure and what
components of the economy are included. what components of the economy
aren't reflected in the GDP?

Dear mojito74,

The gross domestic product or GDP is the total value of goods and
services produced within a country over the course of a year. The U.S.
Department of Commerce publishes its estimate of this figure on a
quarterly basis. The GDP calculation includes consumer spending,
business investment, government expenditure, and net trade. The net
trade is calculated by subtracting the value of all imports into the
country from the value of all exports out of the country.

The GDP is different from the gross national product, or GNP, in that
it counts all economic activity, but only that activity, occurring
within its borders. The GNP takes the nationality of a firm or
individual into account, whereas the GDP is concerned only with
geographic location. Thus, investment by foreign firms within the U.S.
counts toward GDP, but investment by U.S. firms in foreign countries
does not. To summarize, the GDP consists of all spending, investment,
and trade occurring within the boundaries of a given country.

Investor Words: GDP Definition
http://www.investorwords.com/2153/GDP.html

moneychimp: Gross Domestic Product (GDP)
http://www.moneychimp.com/glossary/gdp.htm

If you find that my answer is incomplete or inaccurate in any way,
please post a clarification request so that I have a chance to meet
your needs before you assign a rating.

Regards,

leapinglizard


Search Query:

gdp definition
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Request for Answer Clarification by mojito74-ga on 05 Sep 2004 20:20 PDT

Hi leapinglizard

 Thank you again for your answer, it was great, i wanted to tell you
that the other questions that i have under GDP 2, 3 are about the same
case, if you could need more information about the case let me know,
thank you so much for all your help.

                             looking foward,   Mojito74.

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Clarification of Answer by leapinglizard-ga on 05 Sep 2004 20:29 PDT

Your other questions seem to require quite a bit more research. I'll
see what I can do tomorrow morning, but once again, I can't make any
promises. Thanks for the tip, though!

leapinglizard

Thank you, A+ respond and fast, a pleasure to work with!