gross domestic product

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Related to Gross domestic income: GDP Growth Rate, Real GDP Growth Rate

gross domestic product:

see gross national productgross national product
(GNP), in economics, a quantitative measure of a nation's total economic activity, generally assessed yearly or quarterly. In estimating the GNP, only the final value of a product is counted (e.g., automobiles, but not the steel that they contain).
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gross domestic product

the total value of all goods and services produced domestically by a nation during a year. It is equivalent to gross national product minus net investment incomes from foreign nations
References in periodicals archive ?
There are eight aggregates of income and output: gross domestic product (GDP), gross domestic income (GDI), gross national product (GNP), gross national income (GNI), net domestic product (NDP), net domestic income (NDI), net national product and net national income (NNP).
Yet, even if the crisis is deeper than currently conventionally expected - a cumulative gross domestic income decline of several percentage points - it will still leave the US as, by far, the most powerful country in the world.
Baily and Lawrence use annual data from the Bureau of Economic Analysis on gross domestic income by industry and employment by industry for 1989-99.
As a result of an error in calculating gross domestic income for the April-June period, on which the July-September figures were based, gross domestic income has been corrected downward to a real 0.

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