Question

Medal:

What is GDP and GDP per capita?

Answer 1

GDP - Gross Domestic Product is the market value of all officially recognized final goods and services produced within a country in a year, or over a given period of time.
GDP per Capita - A measure of the total output of a country that takes the gross domestic product (GDP) and divides it by the number of people in the country. The per capita GDP is especially useful when comparing one country to another because it shows the relative performance of the countries. A rise in per capita GDP signals growth in the economy and tends to translate as an increase in productivity.

Answer 2

The gross domestic product (GDP) is one the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period - you can think of it as the size of the economy. Usually, GDP is expressed as a comparison to the previous quarter or year. For example, if the year-to-year GDP is up 3%, this is thought to mean that the economy has grown by 3% over the last year....

and

GDP per Capita is the total amount of country output divide by the number of peoples.... @HelpBlahBlahBlah

Answer 3

thanks!

Answer 4

pleasure...