Gross Domestic Product (GDP)
A measure of output from U.S. factories and related consumption in the United States. It does not include products made by U.S. companies in foreign markets. | ||||
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Gross domestic product (GDP) definition was found in categories: Science & Technology(1) Social Science(3) Business & Finance(1) Society & Culture(1) Encyclopedia(1)
Gross domestic product (GDP) Definition from Science & Technology Dictionaries & Glossaries
| EIA Energy Glossary |
Gross domestic product (GDP)
The total value of goods and services produced by labor and property located in the United States. As long as the labor and property are located in the United States, the supplier (that is, the workers and, for property, the owners) may be either U.S. residents or residents of foreign countries.
The total value of goods and services produced by labor and property located in the United States. As long as the labor and property are located in the United States, the supplier (that is, the workers and, for property, the owners) may be either U.S. residents or residents of foreign countries.
| BEA Economic Analysis Glossary |
Gross domestic product (GDP)
The market value of goods and services produced by labor and property in the United States, regardless of nationality; GDP replaced gross national product (GNP) as the primary measure of U.S. production in 1991.
The market value of goods and services produced by labor and property in the United States, regardless of nationality; GDP replaced gross national product (GNP) as the primary measure of U.S. production in 1991.
| A Glossary of Political Economy Terms |
Gross Domestic Product (GDP)
An estimate of the total money value of all the final goods and services produced in a given one-year period using the factors of production located within a particular country's borders.
[See also: Gross National Product (GNP) ]
An estimate of the total money value of all the final goods and services produced in a given one-year period using the factors of production located within a particular country's borders.
[See also: Gross National Product (GNP) ]
| Glossary of Sociology |
GROSS DOMESTIC PRODUCT (GDP)
The total value of all goods and services produced within the boundaries of a particular country in any given year. In America, for example, this measure includes the value of the production of Japanese firms within the U.S. but not goods produced by U.S. firms on Japanese soil. GDP is now the preferred measure of the wealth of nations.
The total value of all goods and services produced within the boundaries of a particular country in any given year. In America, for example, this measure includes the value of the production of Japanese firms within the U.S. but not goods produced by U.S. firms on Japanese soil. GDP is now the preferred measure of the wealth of nations.
Gross domestic product (GDP) Definition from Business & Finance Dictionaries & Glossaries
| Raynet Business & Marketing Glossary |
Gross Domestic Product (GDP)
the total market value of all final goods and services produced in a country in a given year; equals total consumer, investment and government spending, plus the value of exports minus the value of imports.
the total market value of all final goods and services produced in a country in a given year; equals total consumer, investment and government spending, plus the value of exports minus the value of imports.
Gross domestic product (GDP) Definition from Society & Culture Dictionaries & Glossaries
| Social Work in Canada |
Gross Domestic Product (GDP)
The value of the total final output of goods and services produced by a nation within a given period, usually a year, not including that produced by its domestic firms in foreign countries. In recent years GDP has become more commonly used than GNP, to get a truer picture of how a geographical nation is doing.
The value of the total final output of goods and services produced by a nation within a given period, usually a year, not including that produced by its domestic firms in foreign countries. In recent years GDP has become more commonly used than GNP, to get a truer picture of how a geographical nation is doing.
Gross domestic product (GDP) Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Gross domestic product
A region's gross domestic product, or GDP, is one of the ways for measuring the size of its economy. 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). It is also considered the sum of value added at every stage of production (the intermediate stages) of all final goods and services produced within a country in a given period of time. Until the 1992 the term GNP or gross national product was used in the United States. The two terms GDP and GNP are almost identical - and yet entirely different; GDP (or GDI - Gross Domestic Income) being concerned with the region in which income is generated. That is, what is the market value of all the output produced in a nation, the United States, for example, in one year. GDP concerns itself with where the output is produced and not who produced it. Meanwhile, GNP (or GNI - Gross National Income) is a measure of the accrual of income or the value of the output, produced by the "nationals" of a region. GNP concerns itself with who "owns" the production. If we take the USA as an example again, GNP measures the value of output produced by American firms, regardless of where the firms are located. This compares to GDP which is concerned with where the production takes place and not if the company is an American firm or not. Supposing that a firm can be defined as American in an economic world where most large firms are actually global groups.
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