Economics: Difference between revisions

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(→‎Week 36 - Classical trade theories: sourcing definition of w:GDP from the 'pedia)
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== Week 36 - Classical trade theories ==
== Week 36 - Classical trade theories ==
'''Gross domestic product''' ('''[[w:GDP]]''') is the [[market value]] of all officially recognized final goods and services produced within a country in a given period of time. GDP [[per capita]] is often considered an indicator of a country's [[standard of living]] ( Wikipedia )
'''Gross domestic product''' ('''[[w:GDP|GDP]]''') is the [[w:market value|market value]] of all officially recognized final goods and services produced within a country in a given period of time. GDP [[w:per capita|per capita]] is often considered an indicator of a country's [[w:standard of living|standard of living]] ( Wikipedia )