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justinheckman's avatar

What is GDP measured in?

Asked by justinheckman (26points) February 29th, 2008

does GDP actually have a unit or is it some sort of ratio? How can the number be sobamall of your measuring the how much money was spent in a year, or the current market value of finished goods?

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2 Answers

sferik's avatar

Currency (like dollars).

GDP is the total market value of all final goods and services produced within a country in a year.

sferik (6121points)“Great Answer” (1points) Flag as…
Whyte0ut's avatar

US GDP was something around $14 trillion last year.

Whyte0ut (174points)“Great Answer” (0points) Flag as…

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