gross domestic product

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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 ?
This would presumably require a determination of the relevant product market at issue, and as we have seen in antitrust law, determining what constitutes an economic product market is quite difficult.
The term "Mechatronics" should be used to represent a different definition, namely "a design philosophy" where mechanical, electrical and programmability should be considered together in the design stage itself to obtain a compact, efficient and economic product, rather than an approach in which the components are designed separately.
Now, Dr Alan Kemp, from the Department of Birds at the Transvaal Museum in South Africa, suggests that birds can be sustainably utilised as an economic product.
A glance at any supermarket shelf will demonstrate the consumer's insatiable demand for a popular economic product which features widely in a vast array of recipes.
The Conference Committee, headed by Paul Katzeff of Thanksgiving Coffee, has put together a program to remind each generation of coffee members of the different challenges one must face to preserve coffee as a viable economic product.
Tsang said Hong Kong had gross economic product (GDP) growth of 8.
The magnitude of producers' and consumers' surplus is estimated under both competitive and monopolistic assumptions; the result indicates a present value comparable to or in excess of today's gross world economic product.
History also reminds us that the ingenious product is not necessarily a safe product, a quality product or an economic product, let alone a useful one.
County ranks 16th in gross economic product in the world.
Shippers and carriers would be also competing for their share of a larger real economic product.
San Francisco budget director Teresa Serrate can document just a $3,100,000 net gain from the baseball Giants in a city with a gross economic product of $30,000,000,000.
For example, there is a strong correlation between economic product and environmental deterioration, as evidenced by pollution, toxic chemical concentrations, forest depletion, desertification, thinning ozone layer, global warming, and so on.