Definition of Gross domestic product

1. Noun. The measure of an economy adopted by the United States in 1991; the total market values of goods and services produced by workers and capital within a nation's borders during a given period (usually 1 year).

Exact synonyms: Gdp
Generic synonyms: Value

Definition of Gross domestic product

1. Noun. (economics) A measure of the economic production of a particular territory in financial capital terms over a specific time period. ¹

¹ Source: wiktionary.com

Lexicographical Neighbors of Gross Domestic Product

grosbeaks
groschen
groschens
groser
grosers
grosert
groserts
groset
grosets
grosgrain
grosgrains
gross
gross(a)
gross-domestic-product
gross anatomy
gross domestic product (current term)
gross domestic products
gross estate
gross haematuria
gross heating value
gross income
gross incomes
gross lesion
gross margin
gross national product
gross national products
gross negligence
gross out
gross pay
gross profit

Literary usage of Gross domestic product

Below you will find example usage of this term as found in modern and/or classical literature:

1. Future Visions for U.S. Defense Policy: Four Alternatives Presented as by John Hillen (1998)
"Defense Spending and gross domestic product, 1890-2000 SOURCES: ... Defense as a share of gross domestic product 1960 1970 1980 2.7% 1990 2000 2005 Fig. 2. ..."

2. Environmental Indicators for Agriculture by Organisation for Economic Co-operation, SourceOECD (Online service), Development. (2001)
"Agricultures contribution to gross domestic product is under 4 per cent for most OECD countries, with the role of agriculture in the economy declining in ..."

3. Trends in the Health of Older Americans: U. S., 1994 by R. A. Cohen, J. F. Van Nostrand (1996)
"National health care expenditures as a percent of gross domestic product: United States, selected years 1960-91 <n 05 50 1960 1980 o> Q. X <D CO 0> CO g 40 ..."

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