GDP is the abbreviation of English (gross domestic product), which is gross domestic product. It is a measure of the total amount of final products produced by all resident units of a country (region) economy during the accounting period. It is often regarded as an important indicator of the economic status of a country (region). The new added value in the production process includes the value newly created by laborers and the wear and tear value of fixed assets, but does not include the value of intermediate inputs in the production process; in terms of physical composition, it is the final product produced in the current period, including the value used for consumption. , accumulated and net exported products, but does not include various intermediate products consumed by other sectors. There are three methods for measuring GDP: Production method: GDP = ∑ Total output of each industrial sector - ∑ Intermediate consumption of each industrial sector: Income method: GDP = ∑ Labor remuneration of each industrial sector + ∑ Depreciation of fixed assets of each industrial sector + ∑ Net production tax of each industrial sector + ∑ Operating profit of each industrial sector; expenditure method: GDP = total consumption + total investment + net exports.

The most comprehensive indicator of a country's total economic output is gross domestic product (GDP)

GDP refers to all the goods produced by a country in a year. The sum of the market values ??of final goods and services.

There are two ways to measure GDP: nominal GDP, measured using actual market prices; real GDP, measured based on fixed prices or constant prices.

The ultimate goal of economic activity is to provide people with the goods and services they need.