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 ?
23 percent of its gross domestic produce (GDP) to the health facilities in the country.
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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