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Gross Domestic Product - GDP

外汇网2021-06-19 14:24:05 101

The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though 国内生产总值 is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.

国内生产总值 = C + G + I + NX

where:

"C" is equal to all private consumption, or consumer spending, in a nation's economy

"G" is the sum of government spending

"I" is the sum of all the country's businesses spending on capital

"NX" is the nation's total net exports, calculated as total exports minus total imports. (NX = Exports - Imports)

|||国内生产总值 is commonly used as an indicator of the economic health of a country, as well as to gauge a country's standard of living. Critics of using 国内生产总值 as an economic measure say the statistic does not take into account the underground economy - transactions that, for whatever reason, are not reported to the government. Others say that 国内生产总值 is not intended to gauge material well-being, but serves as a measure of a nation's productivity, which is unrelated.

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