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Expenditures Approach
A method for calculating GDP that sums total spending on goods and services within an economy, including consumption, investment, government spending, and net exports.
GDP
Gross Domestic Product is the summed monetary value of all ultimate goods and services generated inside a country's territory in a defined interval.
Per Capita GDP
A metric that measures a country's economic output per person, dividing the GDP of a country by its population; often used to compare economic prosperity across countries or regions.
Population
The total number of people inhabiting a particular country, area, or place.
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