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- DictionaryGross do·mes·tic prod·uct/ɡrōs dəˈmestik ˈprädəkt/
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 more often used by the government of a single country to measure its economic health. Due to its complex and subjective nature, this measure is often revised before being considered a reliable indicator. GDP def... Wikipedia