Gross Domestic Product Definition

noun
The total value of the annual output of goods and services produced within a nation's borders: it excludes the foreign output of domestic firms and includes the domestic output of foreign firms.
Webster's New World
Synonyms:
adjective
Attributive form of gross domestic product, noun.
Gross-domestic-product analysis.
Wiktionary

Other Word Forms of Gross Domestic Product

Noun

Singular:
gross domestic product
Plural:
gross-domestic-products

Gross Domestic Product Sentence Examples

  • By 1992 world indebtedness exceeded even the total gross domestic product of the richest (OECD) countries.

  • Column E = Projected Gross Domestic Product in millions of 1990 purchasing power parity US$, for the year 2015.

  • By definition, a recession is a period of economic slowdown that occurs when the gross domestic product declines for two or more consecutive quarters.

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