Gross domestic product is the sum of all the final goods and services that is produced in an economy in a given time period which is usually a year.
Gross domestic product is a core indicator of economic health because it provides information on the level of production in the economy.
A way I would contribute to the GDP as an adult is to purchase a car. This would increase consumer spending on durable goods.
One of the methods used to calculate GDP is the expenditure method. This involved adding: consumer spending on durable and non durable goods, investment spending, government spending and net exports.
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