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 ?
The proportion of GFCE in nominal GDP during Q1, 2015 has been estimated at 16.
Global nominal GDP has contracted in only five years since 1981, and in three of those years by less than one per cent.
Oil and gas account for more than half of Qatar's nominal GDP and 90 per cent of export revenues.
Spin masters might dismiss this computation as comparing apples to oranges, but such a charge constitutes denial that the ratio of nominal debt to nominal GDP understates the wealth dilution caused by the government's ability to issue and repay debt in nominal dollars.
Demographics - Statistical data on USA population, households, businesses, nominal GDP, nominal GDP per Capita, consumer price inflation, exchange rates (local currency and US dollar)USA mobile penetration rates covering: Main lines, mobile users, mobile subscriptions by type and mobile demand users Mobile subscriptions by package type - Insights into Prepaid/Post-paid subscriptions and mobile churn Mobile subscriptions by technology: GSM, GSM/GPRS, GSM/EDGE, UMTS, HSPA, LTE Total mobile revenues in USA.
A policy of nominal GDP targeting is generally in conflict with inflation targeting, because any fluctuations in real GDP would lead to fluctuations in inflation of the same size and in the opposite direction.
This had the impact of reducing the financial repression tax (the difference between nominal GDP growth and nominal interest rates narrowed).
As of 2012, this proportion halved to 20pc of real GDP and 24pc of nominal GDP.
A: I don't think nominal GDP targeting has any merit over what we are doing now.
But nominal GDP growth has in fact bounced back reasonably well in the post-crisis period.
Prominent advocates of nominal GDP targeting include Christina Romer, former chair of President Obama's Council of Economic Advisers, and Goldman Sachs--yes, the infamous vampire squid.
Most other macroeconomic indicators also suffered (Figure 36) with nominal GDP and fixed investment contracting.