Investments And Profits

Gross Domestic Product (GDP) is a key indicator used to measure the economic performance and health of a country. It represents the total monetary value of all goods and services produced within a country's borders during a specific period, typically measured on a quarterly or annual basis. GDP serves as a critical metric for assessing the overall economic activity and growth of a nation. There are three primary approaches to calculating GDP: Production Approach (Value Added Method): This approach calculates GDP by summing up the value added at each stage of production within an economy. It avoids double-counting by only including the value added at each stage, not the total value of intermediate goods. Income Approach: This approach calculates GDP by summing all the incomes earned within an economy. This includes wages, salaries, rents, interest, and profits. In theory, the total income earned in an economy should be equal to the total value of goods and services produced. Expendi...