gross domestic product


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Related to gross domestic product: 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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
Gross domestic product at market prices 8 133.8 8 327.8 8 727.0
1 Gross domestic product 18,979.2 19,162.6 19,359.1
1 Gross domestic product 17,784.2 17,863.0 17,995.2

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