GDP is a measure of the total value of goods and services produced in a country over time. It is made up of 4 categories: investments, personal consumption, net exports, and government expenditures. The document compares these GDP categories for Denmark and Portugal over 5 years and calculates their rates of economic growth to assess direction and growth over time.

1. What is GDP? Gross Domestic Product, GDP for short, is a way to measure the economy’s production of goods and services over a period of time. Today we are going to look at the four categories that make up GDP, and then compare these categories for Denmark and Portugal, over a 5 year period.

2. Investments (I)

3. Personal Consumption (c)

4. Net Exports (E)Exports-Imports

5. Government Expenditures (G)

6. GDP *Billions of Kroner *Millions of Euro

7. Rate of Economic Growth Rate of economic growth uses GDP to measure the growth of the economy over a period of time. This rate allows countries to asses the direction and growth over a period of time. Denmark Portugal