Economics GCSE
Gross Domestic Product (GDP)
What Gross Domestic Product (GDP) means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Gross Domestic Product (GDP)
The total value of all goods and services produced within an economy in a given period (usually a year).
Topics that use Gross Domestic Product (GDP)
- Macroeconomic objectives (Pearson Edexcel GCSE)
Related terms
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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