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GDP: The World's Most Popular, and Imperfect, Number In world politics and economics, everyone pays attention to the Gross Domestic Product, or GDP. It's like a country's report card, a number that can help or hurt governments, impact elections, and affect a country's status. We always hear about GDP going up or going down. But what is it? Is it a perfect way to measure how well a country is doing, or is it just a number that can be misleading and cause us to focus on the wrong things? To understand GDP, you have to understand modern capitalism—its successes, its problems, and what it means for the world and its people. What's GDP? The Economy's Engine Basically, GDP is the total money value of all the stuff and services a country produces in a certain amount of time. You can think of it as the size of the economic pie. It doesn't matter if the companies are from other countries, as long as they're making stuff inside the country. Economists usua...