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  1. Dictionary
    Gross 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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  3. www.investopedia.com › terms › gGross Domestic Product (GDP) Formula and How to Use It

    Apr 28, 2024 · GDP is the total value of all finished goods and services produced within a country in a specific time period. Learn how GDP is measured, what it reveals about a country's economy, and the different types of GDP (nominal, real, and per capita).

    • Jason Fernando
    • 2 min

  4. www.britannica.com › money › gross-domestic-productGross domestic product (GDP) | Definition & Formula ...

    Apr 26, 2024 · GDP is the total market value of the goods and services produced by a country's economy during a specified period of time. It is used as the main measure of output and economic activity, and it can be calculated by adding the expenditures of households, businesses, and the government.

  5. 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 more often used by the government of a single country to measure its economic health.

  6. www.bea.gov › resources › learning-centerGross Domestic Product | U.S. Bureau of Economic Analysis (BEA)

    Dec 18, 2023 · GDP is the value of the final goods and services produced in the United States. BEA estimates and reports GDP by state, county, metro, industry, and other areas. Learn how to use GDP numbers to measure the economy, compare states, and plan spending and tax policy.

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  8. www.imf.org › 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.

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

    Apr 25, 2024 · Learn the definition of gross domestic product (GDP), a measure of the value of all goods and services produced in a country in a given period. See examples of GDP in sentences and its history and usage.

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