A lecturer explains during the lesson: “Macroeconomics involves the study of aggregated indicators such as GDP, unemployment rates, and price indices for the purpose of understanding how the whole economy functions, as well as the relationships between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance”. A student says: “Excuse me, I can’t catch the meaning of GDP, could you give the full term of the abbreviation”. Help the student to learn the GDP full name
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