Gross Domestic Product is the market value of all finished goods and services produced within a nation over a specified period. Nominal GDP is the current USD value of those finished goods and services, while Real GDP adjusts for inflation.

Related Terms

  • Unemployment Rate

  • Supply & Demand

  • Stagflation

  • Recession

  • Money Supply

  • Monetary Policy

  • Interest Rates

  • Inflation

  • Fiscal Policy

  • Federal Reserve

  • Federal Funds Rate

  • Consumer Price Index (CPI)

  • Business Cycle