Real gross domestic product (GDP) is an inflation-adjusted ... GDP by the deflator removes the effects of inflation. For example, if an economy's prices have increased by 1% since the base year ...

Gross domestic product, or GDP, is a measure of a country's economic output over a certain time period—usually a year. GDP is looked to as a primary indicator of a country's economic health.

In the United States, for example, the government releases ... What Is a Simple Definition of GDP? Gross domestic product is a measurement that seeks to capture a country’s economic output.

That means, for example, that a baker who produces a loaf of bread for a customer would contribute to GDP, but would not contribute to GDP if he baked the same loaf for his family. Moreover, “gross” ...