gross domestic product definition

Gross Domestic Product (GDP) Definition

2020-11-13  Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. As a broad measure of...

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Gross Domestic Product Definition of Gross

English Language Learners Definition of gross domestic product : the total value of the goods and services produced by the people of a nation during a year not including the value of income earned in

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gross domestic product Definition Formula

1 天前  Gross domestic product (GDP), total market value of the goods and services produced by a country’s economy during a specified period of time. It includes all final goods and services—that is, those that are produced by the economic agents located in that country regardless of their ownership and that are not resold in any form.

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GROSS DOMESTIC PRODUCT Definition of GROSS

noun. The total value of goods produced and services provided in a country during one year. ‘That failure is part of a pattern that began in 1970 when wealthy countries agreed to spend 0.7 percent of their annual gross domestic products at a special UN General Assembly development conference.’.

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Gross domestic product financial definition of gross ...

Gross Domestic Product A measure of the value of the total production in a country, usually in a given year. Gross domestic product is calculated by adding together total consumer spending, total government spending, total business spending, and the value of net exports.

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GDP Definition: How the Gross Domestic Product

Gross domestic product (GDP) is the total value of everything produced within a country's borders. When economists talk about the "size" of the economy, they are referring to GDP. Learn more about the GDP.

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What is Gross Domestic Product? Definition of Gross ...

2 天前  Definition of 'Gross Domestic Product'. Definition: GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year. GDP growth rate is an important indicator of the economic performance of a country. 1.

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What is Gross Domestic Product (GDP), Gross

2 天前  Gross Domestic Product (GDP) is the final monetary value of the goods and services produced within the country during a specified period of time, normally a year. In simple terms, GDP is the measure of the country's economic output in a year.

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What is GDP? Bank of England

Gross domestic product or GDP is a measure of the size and health of a country’s economy over a period of time (usually one quarter or one year). It is also used to compare the size of different economies at a different point in time. Back to top.

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GROSS DOMESTIC PRODUCT (GDP) – CONSTANT

Definition: Gross domestic product (GDP) at constant prices refers to the volume level of GDP. Constant price estimates of GDP are obtained by expressing values in terms of a base period. In theory, the price and quantity components of a value are identified and the price in the base period is substituted for that in the current period.

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What is Gross Domestic Product? GDP Definition and

2021-1-2  Definition: Gross Domestic Product (GDP) is a measure of the total economic value of everything produced in a certain area (usually a country) in one year. The wealth of a country is usually measured as GDP per capita. This figure is arrived at by taking the total gross domestic product and dividing it by the number of people in the economy.

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Gross Domestic Product (GDP) - definition and

Gross domestic product (GDP) is probably the most important economic measure of the state of a nation’s economy. With just one figure, one can tell whether a country’s economy has changed compared to a past time. Gross Domestic Product is the net value of all goods and services that an economy produces during a specific period.

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What is Gross Domestic Product? Definition of Gross ...

2 天前  Definition of 'Gross Domestic Product' Definition: GDP is the final value of the goods and services produced within the geographic boundaries of a country during a

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What is Gross Domestic Product (GDP), Gross

2 天前  Gross Domestic Product (GDP) is the final monetary value of the goods and services produced within the country during a specified period of time, normally a year. In simple terms, GDP is the measure of the country's economic output in a year. In India, contributions to GDP are mainly divided into ...

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Gross domestic product - Oxford Reference

2021-2-20  (GDP)One of the main measures of economic activity. The GDP of a country is defined as the total market value of all final goods and services produced within a country in a given period of time (usually a calendar year). ‘Gross’ indicates that it is calculated without subtracting any allowance for capital consumption; ‘domestic’ that it measures activities located in the country ...

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Gross Domestic Product Law and Legal Definition

The gross domestic product (GDP) is the most comprehensive single measure of aggregate economic output. It represents the market value of the total output of the goods and services produced by a nation's economy. Unlike the gross national product (GNP) calculation, it

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Gross Domestic Product (GDP) Definition Forexpedia

GDP stands for Gross Domestic Product.. GDP is the total value of the goods and services produced in a country over a specified period. It is one of the most comprehensive and closely watched economic statistics since it is used as a gauge of our economy’s overall size and health.. When compared with prior periods, GDP tells us whether the economy is expanding by producing more goods and ...

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GROSS DOMESTIC PRODUCT (GDP) – CONSTANT

Definition: Gross domestic product (GDP) at constant prices refers to the volume level of GDP. Constant price estimates of GDP are obtained by expressing values in terms of a base period. In theory, the price and quantity components of a value are identified and the price in the base period is substituted for that in the current period.

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Gross domestic product (GDP) Topics Economics

2020-5-21  Gross domestic product (GDP) Group(s):Macro (Year 1) Key Terms, Key terms and concepts; Print page. Share: Share on Facebook Share on Twitter Share on Linkedin Share on Google Share by email. GDP is the value of all newly produced final goods and services produced in an economy within a given time period.

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Definition - Gross domestic product at market prices

Gross domestic product at market prices aims to measure the wealth created by all private and public agents in a national territory during a given period. The most key aggregate of national accounts, it represents the end result of the production activity of resident producing units.

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Gross Domestic Product (GDP) - OECD

2016-3-29  Definition What does gross domestic product mean? “Gross” signifies that no deduction has been made for the depreciation of machinery, build-ings and other capital products used in produc-tion. “Domestic” means that it is production by the resident institutional units of the country. The products refer to final goods and services,

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What is Gross Domestic Product (GDP)? - Definition ...

2021-2-6  Definition: Gross Domestic Product, or GDP, represents the total value of a country’s economic output in a given time period. In other words, it’s the dollar amount of all goods and services that a country produces during the period. The GDP formula is calculated by adding up all of consumer or private spending, government spending, business’ capital spending, and net exports.

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What is Gross Domestic Product (GDP), Gross

2 天前  Gross Domestic Product (GDP) is the final monetary value of the goods and services produced within the country during a specified period of time, normally a year. In simple terms, GDP is the measure of the country's economic output in a year. In India, contributions to GDP are mainly divided into ...

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Gross domestic product - Oxford Reference

2021-2-20  (GDP)One of the main measures of economic activity. The GDP of a country is defined as the total market value of all final goods and services produced within a country in a given period of time (usually a calendar year). ‘Gross’ indicates that it is calculated without subtracting any allowance for capital consumption; ‘domestic’ that it measures activities located in the country ...

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What is Gross Domestic Product? Definition of Gross ...

2 天前  Definition of 'Gross Domestic Product' Definition: GDP is the final value of the goods and services produced within the geographic boundaries of a country during a

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Gross Domestic Product (GDP) - definition and

Gross domestic product (GDP) is probably the most important economic measure of the state of a nation’s economy. With just one figure, one can tell whether a country’s economy has changed compared to a past time. Gross Domestic Product is the net value of all goods and services that an economy produces during a specific period.

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Gross Domestic Product (GDP) The Canadian

Gross domestic product (GDP) refers to the value of all final goods and services produced within a country by all factors of production, regardless of their ownership, usually during one year. Statistics Canada switched to GDP in their calculations of national production in 1986 to facilitate comparisons with other international statistics as ...

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Gross Domestic Product Law and Legal Definition

The gross domestic product (GDP) is the most comprehensive single measure of aggregate economic output. It represents the market value of the total output of the goods and services produced by a nation's economy. Unlike the gross national product (GNP) calculation, it

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OECD Glossary of Statistical Terms - Gross domestic ...

Definition: Gross domestic product is an aggregate measure of production equal to the sum of the gross values added of all resident institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). The sum of the final uses of goods and services (all uses except ...

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GROSS DOMESTIC PRODUCT (GDP) – CONSTANT

Definition: Gross domestic product (GDP) at constant prices refers to the volume level of GDP. Constant price estimates of GDP are obtained by expressing values in terms of a base period. In theory, the price and quantity components of a value are identified and the price in the base period is substituted for that in the current period.

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