This is generally regarded to be the sum of consumption, investment, government spending, and the difference of exports and imports, and it does not include investments abroad.
Countries compare this value by using the purchasing power parity or current exchange rate methods. This parameter fails to account for negative externalities, but its nominal value can be corrected to the real value using inflation rates. This is generally regarded to be the sum of consumption, investment, government spending, and the difference of exports and imports, and it does not include investments abroad. For ten points, name this measure of the total goods and services produced by a territory per unit time.
Countries compare this value by using the purchasing power parity or current exchange rate methods.
{g}ross {d}omestic {p}roduct