Meaning Of The Word Gross domestic product
What's the definition of Gross domestic product? Find Gross domestic product meanings, definitions and more at the Real Dictionary online.
Gross domestic product Meaning
| Gross domestic product Definition |
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What's The Definition Of Gross domestic product?
gross domestic product
variable noun: A country's gross domestic product is the total value of all the goods it has produced and the services it has provided in a particular year, not including its income from investments in other countries. gross domestic product in American English 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 noun: gross national product excluding payments on foreign investments gross domestic product in British English noun: 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 |
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