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Glossary

Gross Domestic Product (GDP)

1 min read

Gross domestic product (GDP) is a commonly cited metric indicating how much economic activity occurs annually in a region. GDP represents the total value of all products that a region produces in a given time period. This includes physical goods as well as services that were monetized.

Related Terms
Consumer Price Index (CPI)
CPI measures price levels by taking a weighted average of a basket of several goods. This is used to assess the purchasing power of a currency.
Learn more.
Monetary Base
The monetary base of a currency is a measure of how much of the currency is in circulation. Increases in the monetary base tend to cause inflation.
Learn more.
Inflation
Inflation is a general increase in the price of goods and services in an economy over time. Inflation is primarily due to a constant increase in the monetary base by the local government or central bank.
Learn more.
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