GDP: Does It Measure Up? (Page One Economics)

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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Audience:   High School, Consumers, College
Language:   English
Subjects:   AP, Economics
Resource Types:   Publications, Newsletter, Lessons
Concepts:   Gross Domestic Product (GDP), Federal Reserve System-functions, Productivity, Inflation/Deflation