When you hear that the Gross Domestic Product (GDP) is 2.9% or
1.8% you may feel that they are just numbers. In fact, the
average person probably only has a vague idea of what makes up
the GDP numbers we hear about in the media. Simply put, the
annual GDP measures the size of the US economy – it is the market
value of all goods and services produced by labor and property
within a country in a year. It includes both private and public
consumption, investments, government expenditure and net exports.
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