GDP and The Business Cycle

What is GDP

GPD Is short for Gross domestic product which is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.

Business cycle

A business cycle is a series of economic expansion and contraction. It has five different stages the phases when the business is at the top of its profit its called the boom phase. when your below the profit line its in recession.whe its goin up its in recovery. and when it hits rock bottom its in a slump.