This page provides GDP-focused worksheets, glossaries, and learning resources to help you understand its role in the economy. Find clear explanations, examples, and FAQs to deepen your knowledge.
Essential concepts and terminology to understand this topic
The total monetary value of all goods and services produced within a country's borders in a specific time period.
GDP measured in current prices, without adjusting for inflation.
GDP adjusted for inflation, reflecting the true value of goods and services.
GDP divided by the population, indicating the average economic output per person.
An increase in the production of goods and services in an economy over time.
The rate at which the general price level of goods and services rises over time.
A significant decline in economic activity across the economy, lasting more than a few months.
The total demand for goods and services in an economy at a given price level and time.
The total supply of goods and services available in an economy at a given price level and time.
The measure of output per unit of input, such as labor or capital, in production.
Spending on capital goods like machinery or buildings to increase production capacity.
The use of goods and services by households to satisfy their needs and wants.
Expenditures by the government on goods, services, and public projects.
The value of a country's exports minus the value of its imports.
The fluctuations in economic activity characterized by periods of expansion and contraction.
