GDP: Does It Measure Up? (Page One Economics Classroom Edition)
Classroom Edition (.pdf)
How is the total value of all the goods and services produced in a country’s economy measured? Gross domestic product (GDP) is one common and fairly comprehensive measure. The May 2013 issue explains GDP components and how GDP is calculated. It also describes what GDP does—and does not—measure.
Graphs compliments of FRED®.
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Tags: 9-12, AP, College, Economic Growth, Economics, English, Federal Open Market Committee (FOMC), Federal Reserve System, General Audience/Consumers, Gross Domestic Product (GDP), Inflation, Lessons, Library, Newsletter, Page One Classroom, Publications, Real Gross Domestic Product, Recession