Kids Search. The Best Search Engine for K-12 Kids and Children.     

   web | images | video | facts | wiki | news | games | kidztube | apps








report a search problem







COMPANY RESOURCES LINKS SOCIAL
contact us education daily journal home facebook
about us make us your default search kidztalk twitter  
terms/privacy blocking websites kidznet pinterest  
advertise teacher zone wiki    
media link to us learning sites    
business / api solutions add a site image search    
affiliate program kidzsearch apps kidztube    
play youtube on kidzsearch games    
  voice search music    
  report a problem cool facts    
  settings news    
    search help    
    kidznet directory    
         










 mobile version

      Copyright 2005-2021 KidzSearch.com 

In economics, gross domestic product (GDP) is how much a place produces in an amount of time. GDP can be calculated by adding up its output inside the borders of that country.

To find the GDP of a country, one adds up all consumer spending (C), all investment (I), all government spending minus taxes (G), and the value of exports minus imports (X – M). This is shown by the equation:
GDP = C + I + G + (X - M)
This measure is often used to find out how healthy a country is; a country with a high value of GDP can be called a large economy. The United States has the largest GDP in the world. Germany has the largest in Europe, Nigeria in Africa and China in Asia.

There are different ways to calculate the GDP. Nominal GDP is the total amount of money spent on all new and final goods in an economy, real GDP (adjusting for changes in prices) tries to correct this number for inflation. For example, if the prices rise by 2% (meaning, everything costs 2% more) and the nominal GDP grows by 5%, the real GDP growth is only increased by 3%.  view more...


 KidzTube            
Parsing Gross Domestic Product

Parsing Gross Domestic Product
more videos...