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  1. Dictionary
    gross domestic product

    noun

    • 1. the total value of goods produced and services provided in a country during one year.

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  2. www.investopedia.com › terms › gGross Domestic Product (GDP) Formula and How to Use It - ...

    Jun 3, 2024 · Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot...

  3. en.wikipedia.org › wiki › Gross_domestic_productGross domestic product - Wikipedia

    Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic health of a country or region.

  4. www.britannica.com › money › gross-domestic-productGross domestic product (GDP) - Britannica Money

    3 days ago · Gross domestic product (GDP) is the total market value of the goods and services produced by a country’s economy during a specified period of time.

  5. www.imf.org › Back-to-Basics › gross-domestic-product-GDPGross Domestic Product: An Economy’s All - IMF

    GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.

  6. www.investopedia.com › ask › answersWhat Is GDP and Why Is It So Important to Economists and...

    Jun 3, 2024 · Gross domestic product (GDP) is one of the most widely used indicators of economic performance. Gross domestic product measures a national economy's total output in a...

  7. www.bbc.com › news › business-13200758What is GDP, how is it measured and why does it matter?

    Jun 28, 2024 · Gross domestic product (GDP) is an important tool for measuring how a country's economy is doing. It lets governments work out how much they can afford to tax and spend, and...

  8. www.merriam-webster.com › dictionary › gross domestic productGross domestic product Definition & Meaning - Merriam-Webster

    Jun 20, 2024 · The meaning of GROSS DOMESTIC PRODUCT is the gross national product excluding the value of net income earned abroad.