gross domestic product

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Related to Gross domestic produce: Real GDP Growth Rate, 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 ?
Education spending is mired at roughly one per cent of its gross domestic produce, and in this environment of resource constraints, girls tend to be short-changed.
The country's tourism industry, which represents 25 per cent of Malta's gross domestic produce, has a capacity of 40,000 beds - half of them are of the four- and five-star category.

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