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1. GDP stands for Gross Domestic Product, which is a measure of a country's economic performance.
2. GDP is calculated by adding up the value of all final goods and services produced within a country's borders over a specific period.
3. GDP is measured in a country's local currency and is often used as an indicator of economic health.
4. GDP can be used to compare the economic performance of different countries.
5. If a country's GDP increases from one year to the next, it is typically seen as a sign of economic growth.
6. However, GDP is not a perfect measure of economic well-being, as it does not take into account factors such as income inequality, wealth distribution, and environmental impact.
7. GDP can be broken down into three components: consumption, investment, and government spending.
8. GDP per capita is calculated by dividing a country's GDP by its population.
9. A country's GDP can be affected by factors such as changes in exchange rates, political instability, and natural disasters.
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