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Gross domestic product
GROSS DOMESTIC PRODUCT

Definition: (abbreviation: GDP) The total value of all the goods and services produced by a country in one year.
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* All six elements should be in.


1. Purposeful and necessary to have aggregate value (connect to #6).

2. Calculation, assessments, measurements, etc. were all accurately or correctly done, and up-to-date.

3. Inputs or elements are validated and include or takes care of all the 'invisibles' and/or the black economy (connect to #2).

4. Grew from the previous year's (at the rate (%) projected) figure.

5. Will be sustained, or will grow, in the current or following year (as will be predicted or forecast). That is, production will be backed by sound macro-economic policies.

6. Serves purpose(s). That is, figures will be used as a guide or to plan for the country's economy, in the following and subsequent years.
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REAL, NOT NOMINAL.

TRY TO IMPROVE IT.




See perfect production (2).

See perfect calculation (1).

See perfect assessor (2).
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See perfect productivity.
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See perfect growth (4).

See perfect market (1).

See perfect economy (1).
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See perfect rebasing.

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