GROSS DOMESTIC PRODUCT
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Definitions
There is 1 meaning of the phrase
Gross Domestic Product.
Gross Domestic Product - as a noun
The measure of an economy adopted by the united states in 1991; the total market values of goods and services produced by workers and capital within a nation's borders during a given period (usually 1 year)
Synonyms (Exact Relations)
gdpExample Sentences
"The gross domestic product of our country increased by 3% last year."
"The government is focusing on ways to boost the gross domestic product through economic policies."
"The report shows that the gross domestic product has been steadily declining for the past five quarters."
"Investors use the gross domestic product as an indicator to assess the country's economic performance."
"The gross domestic product per capita is used to compare the standard of living between different countries."
