Gross domestic product

Gross domestic product

The total dollar value of all goods and services produced in a year in the United States, regardless of who supplies the labour or property.

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Industry/Domain: Insurance
Category: Medicare & Medicaid
Company: Centers for Medicare & Medicaid Services
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Related terms

gross domestic product

Banking; Investment banking

Abbr.: GDP. Measure of macroeconomic performance within the domestic economy over a given period of time. See also gross national product.

gross domestic product (GDP)

Economy; Economics

A measure of economic activity in a country. It is calculated by adding the total value of a country's annual output of goods and services. GDP = private consumption + ...

gross domestic product(GDP)

Transportation; Boats & ships

The total value of goods and services produced by a nation over a given period, usually 1 year.

gross domestic product (gdp)

Economy; Economics

The market value of all final goods and services produced within a country in a given period of time.

Gross Domestic Product (GDP)

Agriculture; Agricultural programs & laws

Gross domestic product is a measure of the total production and consumption of goods and services in the United States. The Bureau of Economic Analysis constructs two ...

gross domestic product

Agriculture; General agriculture

The value of the total final output of goods and services produced inside a country during a given year. It equals gross national product (GNP) less overseas remittances.

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