Gdp-Eco561

Gross domestic product (GDP) is the total value of all current production of goods and services of a country during a period of time, which is usually a quarter or a year. For the calculation of GDPonly takes into account the production that takes place in the country within the geographical boundaries of the nation, regardless of whether this production was done by people or domestic or foreigncompanies.
Domestic product can be expressed in terms of "gross" or "net". In calculating the product, taking into account depreciation, which is the loss of value over time, machinery, equipment orother capital asset due to wear, we are talking about product "net". When depreciation is not taken into account in the calculations, we are talking about product "gross".
GDP calculations can beperformed in three different ways depending on the point of view: The expenditure method or the demand side, the added value method or the supply side and the income method or the rent.
The simplestand most common formulation for the calculation of GDP is:
GDP = C + I + G + X – M, Where C is the total value of national consumption. I is gross capital formation also known as Investment. G publicspending. X is the total value of exports. M the volume or value of imports. The Gross Domestic Product (GDP) and Gross National Product (GNP) are two measures commonly used to analyze the economy ofcountries. GDP represents the value of all goods and services produced and sold within the borders of a country for a period of time. The GNP, for its part, represents the value of all goods andservices produced and sold by residents of a country during a period of time, regardless of where production occurred.

GDP EU and GDP PR

Compared to GDP of the United States with PR, we find that for2008 EU obtained a decrease of -0.3%, -2.9% while PR, a% higher than EU in geographical comparison. For the 2009 EU level fell by -3.5% and accelerated to -4.0% PR, PR control a bit here but the...