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Gross Domestic Product

GDP data are among the most important economic data available for measuring economic growth, but measuring the output of a large, dynamic economy is a complex task. In this podcast, hear what GDP measures, how it is calculated, how it is useful in determining whether and how quickly the economy is growing, and how GDP can be used as indicator of standard of living.... Show More

Keywords:: Measurement, Gross Domestic Product, Standard of Living, Economic Growth, Podcast

Disciplines:

Business / Economics

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Material Type:: Reference Material
Date Added to MERLOT:: February 11, 2020
Date Modified in MERLOT:: February 11, 2020
Author:: Federal Reserve Bank of St. Louis
Submitter:: Adrienne Brennecke
Primary Audience:: Grade School, Middle School, High School, College General Ed, College Lower Division
Technical Format:: Audio File (e.g. Podcast)

Mobile Compatibility:: Not specified at this time
Language:: English
Cost Involved:: No
Source Code Available:: Unknown
Creative Commons:: This work is licensed under a Attribution-NonCommercial-NoDerivatives 4.0 International