Gross Domestic Product Production
The production approach to gross domestic product looks at the value added to goods sold.
The gross domestic product equals the sales value of goods minus the purchase value of intermediate goods.
Formula
![QuantityVariable["GDP", "Money"] == -QuantityVariable[Subscript["V", "P"], "Money"] + QuantityVariable[Subscript["V", "S"], "Money"]](https://www.wolframcloud.com/objects/resourcesystem/marketplacestorage/resources/2bb/2bb64e6a-7453-4038-891e-94b7a318ac16/Webpage/FormulaImage.png "Copy to Clipboard")
| symbol | description | physical quantity |
|---|---|---|
| GDP | gross domestic product | "Money" |
| VP | purchase value of intermediate goods | "Money" |
| VS | sales value of goods | "Money" |