Gross domestic product — School of Salamanca · Aristotree

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Gross domestic product. 1 connected concept: Velocity of money (related to).

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Gross domestic product

Community · Velocity of money

Summary

Gross domestic product (GDP) is a monetary measure of the total market value of all of the final goods and services which are produced and rendered during a specific period of time by a country or countries.

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Gross domestic product image — Wikimedia

SourcesWikipedia

Connections1

denominator in velocity calculations
Velocity is often calculated as the ratio of nominal GDP to the money supply, representing how many times the average unit of currency is used to purchase final goods and services.
SourcesWikipedia Wikidata Wikipedia Wikidata

Facts

Gross domestic product — School of Salamanca · Aristotree