What Is GDP?

Loading the player...

GDP is like a price tag on a country's output, and it measures the size of the economy. Find out what it means.

Filed Under:

Related Videos

  1. Big Mac Index

    The Big Mac Index is an informal way to gauge the values of currencies around the world against the U.S. dollar.
  2. Nominal vs. Real GDP

    GDP stands for gross domestic product and is the measure of the total economic output of the goods and services of a country.
  3. Purchasing Power Parity (PPP)

    Purchasing Power Parity (PPP) compares different countries' currencies through a market "basket of goods" approach. Two currencies are in PPP when a market basket of goods (taking into account the exchange rate) is priced the same in both countries.

comments powered by Disqus
Trading Center