Gross world product

Gross world product is like a big piggy bank where we put all the money made by every country in the world. It's kind of like the money that everyone in the whole world earns when they work, sell things, and provide services. Just like how your allowance combines all the money you get from your parents, Gross world product combines all the money everyone in the world makes. This helps us see how much money is being made around the world and how it's growing or changing. It's like counting all the cookies in the jar to see if we need to make more cookies next time.