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As the economy went deeper into the recession in the second quarter of the year, the figure corresponding to first quarter ($14,180 billion) reduced to almost $14,150 billion. In the third quarter, however GDP increased and reached almost $14,220 billion. The increased figure reflects the recovery of the economy. As the US economy started to recover at a faster rate, the GDP value of the country went high. In the fourth quarter of 2009, the GDP value was approximately $14,430 billion. The following picture gives a clear idea about the entire ...Show more

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GDP is referred to “the market value of all the final goods and services that are produced in an economy in a given time period” (Brux, pp 351).
According to Central Intelligence Agency…
Author : aboyer
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