gross domestic product
Country's economic total
Gross domestic product is the total monetary value of all goods and services produced within a country during a specific period, typically one year.
Abbreviated GDP, it serves as the primary measure of a nation's economic output and health: GDP grew 2.3% in the third quarter.
GDP per capita divides this figure by population to indicate average economic productivity per person.
- GDPNational output abbreviation
- real GDPInflation-corrected national output
- nominal GDPTotal output in present dollars
- valueImportance or price
- outputWhat something generates
national income · market value · market prices · macroeconomics · economy · world economy · economic indicator · GDP growth · trade balance · consumer price index · sovereign debt · purchasing power · exchange rates · balance of payments · tax revenue · fiscal policy · inflation rates · economic growth
- economicssupply and demand, inflation, GDP, GNP, microeconomics
- economic termssupply and demand, free market, bull market, bear market, inflation rate
- macroeconomicsGDP, GNP, inflation rate, money supply, monetary policy
gross domestic producthousehold income
Total money a home receives
per capita income · microeconomics · personal savings · personal income · individual income
gross, grossly, grossness, domestic, domestically, domesticate, domesticated, domestication, domesticity