Title: Planet Money: How GDP Is Like Your GPA (Audio Q&A)
Course: Alabama Economics Sample Syllabus > Section: Unit 9: Macroeconomic Indicators

Description: Gross domestic product, or GDP, measures the value of all the goods and services produced in a country during a year. Knowing GDP helps countries monitor how strong or weak their economies are. When GDP gets bigger, conventional wisdom says that the economy is healthy and growing, while a shrinking GDP means that something is wrong. GDP provides a way to see the fluctuations in a nation’s economy over time. But the usefulness of GDP is limited. Listen to this story to find out why.

Estimated Completion Time: 10 minutes