Gross domestic product (GDP)
| Wikipedia English The Free Encyclopedia |  Download this dictionary |
Gross domestic product
The gross domestic product (GDP) or gross domestic income (GDI) is a measure of a country's overall official economic output. It is the market value of all final goods and services officially made within the borders of a country in a year. It is often positively correlated with the standard of living, though its use as a stand-in for measuring the standard of living has come under increasing criticism and many countries are actively exploring alternative measures to GDP for that purpose.
| See more at Wikipedia.org... |
© This article uses material from Wikipedia® and is licensed under the GNU Free Documentation License
| Raynet Business | Marketing Dictionary | Download this dictionary |
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 Lectric Law Library Dictionary | Download this dictionary |
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.
Courtesy of the 'Lectric Law Library.
| Political Economy Terms Dictionary | Download this dictionary |
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) ]
[See also: Gross National Product (GNP) ]
| Agriculture Glossary | Download this dictionary |
Gross domestic product (GDP)
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 complementary measures of GDP, one based on income and one based on expenditures. It is measured on the product side by adding up the labor, capital, and tax costs of producing the output. On the expenditure side, GDP is measured by adding up expenditures by households, businesses, government and net foreign purchases. Theoretically, these two measures should be equal. However, due to problems collecting data, there is often a discrepancy between the two measures. The GDP price deflator is used to convert output measured at current prices into constant-dollar GDP.
Source: U.S. House Committee on Agriculture.
| Gross domestic product (GDP) in French | Gross domestic product (GDP) in Italian | Gross domestic product (GDP) in Spanish | Gross domestic product (GDP) in Dutch | Gross domestic product (GDP) in Portuguese | Gross domestic product (GDP) in German | Gross domestic product (GDP) in Russian | Gross domestic product (GDP) in Japanese | Gross domestic product (GDP) in Greek | Gross domestic product (GDP) in Korean | Gross domestic product (GDP) in Turkish | Gross domestic product (GDP) in Hebrew | Gross domestic product (GDP) in Arabic | Gross domestic product (GDP) in Polish | Gross domestic product (GDP) in Hungarian | Gross domestic product (GDP) in Latvian | Gross domestic product (GDP) in Bulgarian | Gross domestic product (GDP) in Danish | Gross domestic product (GDP) in Finnish | Gross domestic product (GDP) in Swedish | Gross domestic product (GDP) in Farsi | Gross domestic product (GDP) in Vietnamese
You think you have ethics...
Take the survey NOW!