Gross Domestic Product (GDP)

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Gross Domestic Product (GDP)
Measure of total production in the economy. Formula: Market value of all goods and services manufactured in a given period + earnings of foreign corporations and residents based in U.S. – earnings of U.S. corporates and residents based out of the country.

Recommended for you:

  1. Real Gross Domestic Product
  2. Gross National Product (GNP)
  3. Gross Earnings
  4. Domestic Market
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