MACROECONOMICS: THE ESSENCE OF GDP AND ITS ROLE IN ECONOMIC ANALYSIS

Abstract

Abstract. This article elucidates the essence of macroeconomics, its main research methods, and the significance of Gross Domestic Product (GDP) in economic analysis. The article analyzes the difference between nominal and real GDP and their importance in assessing economic development. Additionally, practical aspects of macroeconomic processes are examined through the example of GDP growth rates in Uzbekistan's economy. As a result, it is scientifically proven that real GDP plays a decisive role in shaping economic policy.