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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

    Feb 29, 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
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  4. en.wikipedia.org › wiki › Gross_domestic_productGross domestic product - Wikipedia

    Gross domestic product ( GDP) is a monetary measure of the market value [2] of all the final goods and services produced in a specific time period by a country [3] or countries. [4] [5] [6] GDP is more often used by the government of a single country to measure its economic health. [3] Due to its complex and subjective nature, this measure is ...

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

    Mar 13, 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.

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  7. www.bea.gov › data › gdpGross Domestic Product | U.S. Bureau of Economic Analysis (BEA)

    Mar 28, 2024 · Learn how the U.S. Bureau of Economic Analysis measures and reports the GDP, a key indicator of economic activity and growth. Find the latest data, releases, and historical comparisons of GDP by quarter and year.

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

    Dec 18, 2023 · Learn what GDP is, how it is estimated, and how to use it to measure the U.S. economy and its performance. Find the latest GDP data by state, county, metro, industry, and more.

  9. www.imf.org › gross-domestic-product-GDPGross Domestic Product: An Economy’s All - IMF

    Moreover, “gross” domestic product takes no account of the “wear and tear” on the machinery, buildings, and so on (the so-called capital stock) that are used in producing the output. If this depletion of the capital stock, called depreciation, is subtracted from GDP we get net domestic product.

  10. www.britannica.com › money › what-is-gdpWhat Is GDP? Measuring Economic Health | Britannica Money

    Gross domestic product (GDP) is the most comprehensive measure of economic activity. Businesses, governments, and central banks look to GDP to help guide their financial, fiscal, and monetary actions. Investors can use GDP to make forward-looking decisions with regard to their portfolio strategies. If the economy is laid up in bed, GDP provides ...

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