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- Dictionarygross domestic product
noun
- 1. the total value of goods produced and services provided in a country during one year.
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noun
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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. Definitions of GDP are maintained by several national and international economic organizations, such as the OECD and the International Monetary F... Wikipedia