Posts Tagged ‘GDP’

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Explaining Gross Domestic Product

GDP represents the total value of goods and services produced in a country during a period of time and is expressed in dollars. It is expressed as a comparison to the previous quarter. If the GDP is up by 5%, then the economy has grown up by 5%. There are two ways to calculate the GDP. Using the income approach, all earnings are added up over a year. Using the expenditures method, you add up what everyone […]

What Is GDP?

In this video, you will learn about GDP. Commodities like clothes, vegetables, and services provided by doctors, engineers are all components of a GDP of a country. Manufacturers produce cars, computers, etc. Doctors and engineers provide services. Hence, you need to add up the value of goods and services over a period of time to obtain the GDP. For example, you can add together all the income in the US for one year, to get the US GDP. […]

GDP Report Explained

In this video, you will learn about the GDP report, and how you can use it as a forex trader. This report is significant, because it is one of the important economic indicators. It is used by policymakers and central banks. The GDP represents the total value of goods and services produced in a country over a period of time. The US GDP report is released on a quarterly basis. It contains information like personal […]

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