Unit 3: Gross Domestic Product


What’s in This Chapter? Gross Domestic Product measures the value of final goods and services a country or region produces. The measure has its flaws, but nevertheless does a reasonably good job indicating how much a...

Read More

Section 1: Gross Domestic Product

The Definition of Gross Domestic Product Gross Domestic Product is defined as the value of all final goods and services produced in a country or area during a certain period of time. A final product is one that is sold in its...

Read More

Section 4: Per Capita Gross State Product

Per Capita Production of the Fifty U.S. States and the District of Columbia A state’s yearly production is measured by its Gross State Product (GSP). The following table includes a ranking by per capita Gross State Product...

Read More

Test Your Knowledge!

Time limit: 0 Quiz-summary 0 of 10 questions completed Questions: 1 2 3 4 5 6 7 8 9 10 Information This is a ten question multiple-choice quiz covering the material in this Unit. I hope you do well! You have already completed...

Read More