Gross Domestic Product Part 1

Gross Domestic Product represents economic growth in the economy and is one of the three major macroeconomic goals. This chapter explains what Gross Domestic Product is and examines the methods used to calculate it.

A slightly warmer textbook-style version:

Gross Domestic Product is the primary measure of economic growth and one of the three major goals of macroeconomics. In this chapter, you will learn what Gross Domestic Product means and how economists calculate it.