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GDP stands for Gross Domestic Product, which is a measure of the total value of goods and services produced within a country’s borders in a specific time period, usually a year. It includes all final goods and services produced for consumption, investment, and government spending.

GDP is a key indicator of the health and size of a country’s economy and is often used to compare the economic performance of different countries. It can be calculated using three methods: the production approach, the income approach, and the expenditure approach. Each of these methods provides a slightly different perspective on the economy, but they should all provide the same result if calculated accurately. GDP growth is often used as an indicator of economic growth, with higher GDP growth indicating a stronger and more dynamic economy.

Here is a link to the chart of the GDP of time from St Louis Fed.

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