What is GDP?

Gross Domestic Product, or GDP, is the yardstick we use to measure a country's economic activity. It's the nifty tool that tells us the total value of all the stuff and services a country churns out within its borders over a set period, often a year.
I should put in a disclaimer that this episode, and all episodes in this series, are not meant to offer any personal financial advice to anyone. My approach is to discuss high-level finance concepts, without getting into the woods of day-to-day personal financial advice, and so no one should use these discussions to engage in any investing activities.
For more on money, corporate finance and other economic and financial insights, including publications from the International Monetary Fund, Bank for International Settlements, the World Bank, the US Federal Reserve, The People's Bank of China, The Bank of Japan, The Bank of England, The European Central Bank, Banco de Espana, Banque de France, etc., please visit our website: sandstormwt.com. You will also find other information about our full offering, including online or virtual courses.
For Momorai_tsog, please follow the link: momoraitsog.co.za

[@mikeseconomicaffairs]

GDP remains a vital instrument for understanding a country's economic health. While it might not paint the complete picture, it's an invaluable resource for policymakers, economists, and regular folks like us to keep tabs on our money and make informed decisions about our nation's economy.