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# Gross Domestic Product (GDP) **Definition:** * The market value of all final goods and services produced within a country in a given period of time. **Important Considerations:** * It does *not* include tax and stock. **Factors of GDP:** * Consumption * Investment * Government Purchase * Net...

# Gross Domestic Product (GDP) **Definition:** * The market value of all final goods and services produced within a country in a given period of time. **Important Considerations:** * It does *not* include tax and stock. **Factors of GDP:** * Consumption * Investment * Government Purchase * Net Export (Export - Import) **Further Clarification:** * **Inventories (庫存):** are considered a part of Investment. * **Transfer payment:** is part of Consumption. **GDP does not value:** * Quality of the environment * Non-paid labor (e.g., taking care of a child) * Leisure time * Illegal activities