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The Gross Domestic Product (GDP) exprimes the gross added
value of the final output, produced by the economic agents
inside the borders of a country, no matter if they belong or
not to that country.
In the two definitions above was mentioned the word final:
final output, final goods etc. When we speak about this
word, we reffer to the goods and services produced in the
course of a certain period of time, and which are no longer
used to produce any other goods.
In case they are used in an ulterior process of production
we speak about intermediary consumption. If we add to the
Gross Domestic Product the intermediary consumption, we get
another indicator, the Gross Aggregate Proudct.It is
important not to include the intermediary consumption into
the GDP, in order to avoid the double registering, whose
effects are the altered images of the macroeconomic results.
The final goods, included in the calculation of GDP, are
meant to get directly into consumption, being sold to final
consumers.
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