What is GDP and GDP per person?

Question

what is it and what is the difference between GDP and GDP per Person

Answer 1

GDP is the money the value of the whole country and GDP per person is when you divide the value of the country in by the population of the country. high GDP does not always mean high GDP per person. China makes most of the worlds goods and that gave china the 3rd highest GDP 1st is the US 2cd is japan and 4th is germany. While china have the worlds 3rd most GDP the GDP per capital of china is only 4000usd and the US have 40000usd.

Answer 2

The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country's economy. GDP is defined as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year). It is also considered the sum of value added at every stage of production (the intermediate stages) of all final goods and services produced within a country in a given period of time, and it is given a money value.

Answer 3

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