Gross domestic product in economics and finance

Hello everyone, and welcome to today's lesson on Gross Domestic Product, commonly referred to as GDP. When it comes to understanding the economic health of a country, GDP is a crucial metric. It not only measures the overall size of an economy but also serves as an indicator of its growth and development over time. In this video, we'll delve into the intricacies of GDP, exploring its meaning, calculation, and real-world applications. So, let's get started!