What is GDP?
EconomyGross domestic product: the total value of all goods and services a country produces in a period. Its growth rate shows if the economy is expanding.
Think of it like: The size of the whole economic pie.
Real example: Indonesia's GDP grew about 5% a year in most years from 2014 to 2024, but shrank about 2% in 2020 during the pandemic.
Lesson: What GDP counts Practise it now: Headline Reflex