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” ...

Its greatest use is as a point of comparison; for example, to determine if the nation's economy grew or contracted compared to the previous period measured.There are two main ways to measure GDP: by ...