Respuesta :

Real GDP reaches its starting point.

GDP definition.

overall economic output

The most often used metric for determining an economy's size is its gross domestic product (GDP). The GDP of a nation, a region (like Tuscany in Italy or Burgundy in France), or a group of nations (like the European Union) may all be calculated (EU).

How is GDP determined and what does it mean?

GDP is the total of private consumption, gross domestic product, government investment, government spending, and any other items (exports – imports). The GDP is normally calculated using the international standard by the country's official statistical office.

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