Learn to use the rule of 70 to estimate how long it takes for a country’s GDP to double, aiding in understanding economic growth and investment potential.
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The Importance of GDP
Gross domestic product (GDP) is defined as the total value of goods and services produced within a country’s borders in a specific period. This can be monthly, quarterly, or annually. GDP is one of ...
GDP is the total market value of final goods and services produced within a country's borders during a specified period. Final goods are those purchased by the end user, meaning that GDP excludes ...
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