What Is GDP?
GDP — gross domestic product — measures the total value of goods and services a country produces. Learn how it is calculated and what it does not tell you.
Economics
Articles, guides and definitions about Economics — part of Finance on Worldlession.
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Articles in Economics (2)
What Is Inflation?
Inflation is the gradual rise in prices over time, which reduces what money can buy. Learn what causes it, how it is measured and why central banks watch it closely.
Frequently asked questions
What is the difference between GDP and GNP?
GDP measures production within a country’s borders regardless of who owns the producers. GNP (gross national product, now often called GNI) measures production by a country’s residents and businesses, wherever in the world it occurs.
What is the difference between inflation and deflation?
Inflation is a general rise in prices; deflation is a general fall. Mild deflation might sound pleasant, but sustained deflation can be harmful: consumers delay purchases, debts become heavier in real terms, and economies can stagnate.