TeachMeFinance.com - explain Gross Domestic Product
gross domestic product (GDP) -- The total market value of goods and services produced domestically
during a given period. The components of GDP are consumption (both household and government), gross
investment (both private and government), and net exports.
Gross domestic product -- The total value of a nation's output, income, or expenditure produced within its physical boundaries.
Gross Domestic Product -- A measure of the market value of all goods and services produced within the boundaries of a nation. It excludes income from external enterprises or investments.
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