For example, if an economy's prices have increased ... International Monetary Fund (IMF). "Gross Domestic Product: An Economy's All." U.S. Bureau of Economic Analysis. "Prices & Inflation." ...

Gross domestic product, or GDP, is a measure of a ... and politicians often consider other measurements in addition to GDP. For example, if a country has a high overall GDP but a low per-capita ...

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” ...

Nominal GDP: This measures GDP at current market prices, without adjusting for inflation. It can sometimes exaggerate growth because it includes rising prices. For example, if grocery prices increase, ...