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GDP definition and calculation explained

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Gross Domestic Product (GDP) for a certain economy is the sum of all goods and services produced by this economy during a certain period of time. GDP is calculated by either the income approach, the sum of all personal earnings, or expenditure approach, which is the sum of all personal spending.

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Ahmed Mamdouh Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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