GDP also includes only those goods and services that are produced for the final user intermediate products are excluded. GDP includes only those goods and services produced domestically goods produced outside the country are excluded. In the United States, it’s calculated by the Department of Commerce. GDP is defined as the market value of all goods and services produced by the economy in a given year. One way in which economists measure the performance of an economy is by looking at a widely used measure of total output called gross domestic product (GDP). One purpose of an economy is to provide people with goods and services-cars, computers, video games, houses, rock concerts, fast food, amusement parks.
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