This document discusses measuring a country's economic performance using gross domestic product (GDP). It begins by introducing GDP and how it is used to make international comparisons of economic size. It then outlines how GDP is calculated using both the expenditure and income approaches. Key points include defining GDP as the total market value of final goods and services produced domestically in a year, and explaining how GDP is adjusted for inflation to derive real GDP. The document also notes limitations of GDP as a measure of overall welfare.