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  2. Real gross domestic product - Wikipedia

    en.wikipedia.org/wiki/Real_gross_domestic_product

    Real GDP growth on an annual basis is the nominal GDP growth rate adjusted for inflation. It is usually expressed as a percentage. "GDP" may refer to "nominal" or "current" or "historical" GDP, to distinguish it from real GDP. Real GDP is sometimes called "constant" GDP because it is expressed in terms of constant prices.

  3. Gross domestic product - Wikipedia

    en.wikipedia.org/wiki/Gross_Domestic_Product

    Gross domestic product (GDP) is a monetary measure of the market value [2] of all the final goods and services produced and rendered in a specific time period by a country [3] or countries. [ 4 ] [ 5 ] [ 6 ] GDP is often used to measure the economic health of a country or region. [ 3 ]

  4. Economic growth - Wikipedia

    en.wikipedia.org/wiki/Economic_growth

    The economic growth rate is typically calculated as real Gross domestic product (GDP) growth rate, real GDP per capita growth rate or GNI per capita growth. The "rate" of economic growth refers to the geometric annual rate of growth in GDP or GDP per capita between the first and the last year over a period of time. This growth rate represents ...

  5. Why You Should Be Happy About 2.2% GDP Growth - AOL

    www.aol.com/news/2012-04-30-why-you-should-be...

    The federal government is reporting that gross domestic product, or GDP, grew at a 2.2% rate in the first three months of 2012. ... Here's a primer on exactly what the GDP growth rate is, why the ...

  6. Economic consequences of population decline - Wikipedia

    en.wikipedia.org/wiki/Economic_consequences_of...

    Population decline has many potential effects on individual and national economy.The single best gauge of economic success is growth in GDP per capita, not GDP. [1] [2] GDP per capita is an approximate indicator of average living standards, for individual prosperity. [3]

  7. Measures of national income and output - Wikipedia

    en.wikipedia.org/wiki/Measures_of_national...

    GDP is the mean (average) wealth rather than median (middle-point) wealth. Countries with a skewed income distribution may have a relatively high per-capita GDP while the majority of its citizens have a relatively low level of income, due to concentration of wealth in the hands of a small fraction of the population. See Gini coefficient.

  8. Real and nominal value - Wikipedia

    en.wikipedia.org/wiki/Real_and_nominal_value

    Gross domestic product (GDP) is a measure of aggregate output. Nominal GDP in a particular period reflects prices that were current at the time, whereas real GDP compensates for inflation. Price indices and the U.S. National Income and Product Accounts are constructed from bundles of commodities and their respective prices.

  9. Harrod–Domar model - Wikipedia

    en.wikipedia.org/wiki/Harrod–Domar_model

    Warranted growth rate is the rate of growth at which the economy does not expand indefinitely or go into recession. Actual growth is the real rate increase in a country's GDP per year. (See also: Gross domestic product and Natural gross domestic product). Natural growth is the growth an economy requires to maintain full employment. For example ...