Gross domestic product (GDP) is a monetary measure of the value of all final goods and services produced in a period (quarterly or yearly). Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Nominal GDP however do not reflect differences in the cost of living and the inflation rates of the countries; therefore using a GDP PPP per capita basis is arguably more useful when comparing differences in living standards between nations.
GDP is not a complete measure of economic activity. It accounts for final output or value added at each stage of production, but not total output or total sales along the entire production process. It deliberately leaves out business-to-business (B2B) transactions in the early and intermediate stages of production, as well as sales of used goods. In the United States, the Bureau of Economic Analysis (BEA) has introduced a new quarterly statistic called gross output (GO), a broader measure that attempts to add up total sales or revenues at all stages of production.Mark Skousen was the first economist to advocate GO as an important macroeconomic tool. Other countries are following suit, such as the United Kingdom, which now producing an annual statistic called Total Output.
GDP or gross domestic product is the basic measure of a country's overall economic output.
GDP may also refer to:
Matthew Miller, better known by his stage name GDP, is an American hip hop recording artist from West Orange, New Jersey.
GDP began in 2008 with the release of a split with Dirty Money. The following year he released his debut full-length album, titled Realistic Expectations via Say-10 Records. In 2010, GDP released an EP titled Magic Bullet via Doom Cat Records.
In 2011, GDP released his second full-length album titled Useless Eaters via Run For Cover Records.
In 2013, GDP released his third full-length album with The Wrong Address, titled Holla via Run For Cover.
In 2014, GDP released a compilation album titled Collectibles via Smokers Cough and Ride The Fury. In March 2014, The Front Bottoms announced at the South by Southwest music festival plans to release a split with GDP sometime in the future. The 7" split was officially announced the following year and was released on April 18, 2015 (Record Store Day).
Studio albums
We are born to earn, they are waiting us to serve
We will be part of the machines raising the GDP
LEader ruling our world are unable to learn
Social health, eating wellbeing to death
Insane leaders, insane rules
Invented system in the government
Slavery is pushed down our throats
Approved lies
Lies!
Living up to the social rule book, it gives your life away
Join this army of fools, retire in misery
Rules by our leaders (are) fed to us since we were born
This system is the only accepted way to live until we die
We are born to learn how to earn, they are waiting us to serve
We will be part of the machine raising the GDP
Leaders ruling our world are unable to learn
Social health, eating wellbeing to death
Insane leaders, insane rules
Invented system in the government
Slavery is pushed down our throats
Approved lies
Invented rules, invented leaders
Are fed to our minds Since we were born
Until we die
Until we choke
Rules are being pushed
Gross domestic product (GDP) is a monetary measure of the value of all final goods and services produced in a period (quarterly or yearly). Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Nominal GDP however do not reflect differences in the cost of living and the inflation rates of the countries; therefore using a GDP PPP per capita basis is arguably more useful when comparing differences in living standards between nations.
GDP is not a complete measure of economic activity. It accounts for final output or value added at each stage of production, but not total output or total sales along the entire production process. It deliberately leaves out business-to-business (B2B) transactions in the early and intermediate stages of production, as well as sales of used goods. In the United States, the Bureau of Economic Analysis (BEA) has introduced a new quarterly statistic called gross output (GO), a broader measure that attempts to add up total sales or revenues at all stages of production.Mark Skousen was the first economist to advocate GO as an important macroeconomic tool. Other countries are following suit, such as the United Kingdom, which now producing an annual statistic called Total Output.
WorldNews.com | 08 May 2019
WorldNews.com | 09 May 2019
WorldNews.com | 08 May 2019
WorldNews.com | 08 May 2019
The Algemeiner | 08 May 2019