What does a country's gross domestic product (GDP) measure?

Question

Quizplus · Accepted Answer

GDP measures the value of all final goods and services produced within a country's borders in a given period of time, usually a year. It does not include intermediate goods, which are used in the production of final goods, nor does it include exports produced within the country but sold abroad. GDP provides a measure of a country's economic output and is often used as an indicator of the overall health of the economy.

What Does a Country's Gross Domestic Product (GDP) Measure