Factors of Production
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Factors of production

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GDP is a measure of a country's economy, calculated by adding the value of all goods and services produced within its borders. It reflects the standard of living and helps determine the size of a country's economy, used for allocating government resources and setting policies. It is expressed as per capita and adjusted for cost of living, with PPP used for cross-country comparisons. GDP includes goods/services produced within borders, during a given time period, and intended for the market.
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