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    William Petty came up with a concept of GDP, to calculate the tax burden, and argue landlords were unfairly taxed during
    The … See more

    Wikipedia
    https://en.wikipedia.org › wiki › Gross_Domestic_Product

    Gross domestic product - Wikipedia

    • Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic health of a country or region. Several national and international economic organizations maintain definitions of GDP, such … See more

    Determining gross domestic product (GDP)

    GDP can be determined in three ways, all of which should, theoretically, give the same result. They are the production (or output or value added) approach, the income approach, and the speculated expenditur… See more

    Nominal GDP and real GDP

    The raw GDP figure given by the equations above is called the nominal, historical, or current GDP. When comparing GDP figures from one year to another, compensating for changes in the value of money—for the effects of in… See more

    Gross Domestic Product | U.S. Bureau of Economic Analysis (BEA)
    Bureau of Economic Analysis
    Wikipedia text under CC-BY-SA license

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