>productivity disconnected from wage growth>productivity disconnected from jobs growth>productivity disconnected from stock market growthin all seriousness what even is GDP? what does it even measure?
>>61189516Gross Domestic Product (GDP) is the total market value of all finished goods and services produced within a country's borders over a specific period, usually a year or a quarter. It is a key indicator used to measure a country's economic health, growth, and performance by summing up the value of everything from consumer purchases and business investments to government spending and net exports (exports minus imports). Key aspects of GDP Market Value: GDP sums the market value of final goods and services, not their physical quantity. Geographic Boundary:It measures production within the geographic borders of a country, regardless of who owns the production facility. Time Period:It is calculated for a specific, finite period, such as a quarter or a year. Economic Activity:It accounts for a wide range of economic activity, including consumer spending, business investments, government purchases, and exports minus imports. GDP formulaA common way to calculate GDP is using the expenditure approach, which adds up all the spending on goods and services in an economy: GDP = C + G + I + NX: C = Consumption (spending by households) G = Government Spending (spending by government) I = Investment (spending by businesses and households on new housing) NX = Net Exports (exports minus imports)
>>61189516>he fell for the white devil’s lies about gdp
>>61189579thank you chat GPT, but if we are to calculate GDP based on expenditure, isn't that simply measuring the expansion of credit?
>>61189516https://youtu.be/M0aYmOBalJs?t=277
>>61189516GDP is basically a measure of how much people are paying for the stuff that's being produced in an economy
>>61189757No need to be so antisemitic anon.
>>61189516GDP = Goy Derived Profit
