Economics A-Level
Gross Domestic Product (GDP)
What Gross Domestic Product (GDP) means in Economics A-Level, as defined for Pearson Edexcel.
Definition of Gross Domestic Product (GDP)
The total market value of all final goods and services produced within a country's borders in a specific time period, serving as the primary measure of economic activity.
Topics that use Gross Domestic Product (GDP)
- Measures of economic performance (Pearson Edexcel A-Level)
Related terms
- Consumer Price Index (CPI)
- Gross National Income (GNI)
- Human Development Index (HDI)
- Purchasing Power Parity (PPP)
Using Gross Domestic Product (GDP) in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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