Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within an area in a given period of time. GDP per capita is often considered an indicator of the standard of living.
The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force.
• Labor Force
International trade is the exchange of capital, goods, and services across borders or territories.