Defenition of the word gross domestic product

• Defenition of the word gross domestic product

  • The total output of goods and services produced by a national economy in a given period, usually a year, valued at market prices. It is gross, since no allowance is made, for the value of replacement capital goods.
  • A measure of the economic production of a particular territory in financial capital terms over a specific time period.
  • measure of the US economy adopted in 1991; the total market values of goods and services by produced by workers and capital within the US borders during a given period (usually 1 yr)
  • measure of the United States economy adopted in 1991; the total market values of goods and services by produced by workers and capital within the United States borders during a given period (usually 1 year)
  • the measure of an economy adopted by the United States in 1991; the total market values of goods and services produced by workers and capital within a nation's borders during a given period (usually 1 year)

Synonyms for the word gross domestic product

• • GDP

Hypernyms for the word gross domestic product

• • value

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