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Friday, April 19, 2024

Gross domestic product

Market value of goods and services produced within a country


Gross domestic product
Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by a country or countries. GDP is more often used by the government of a single country to measure its economic health. Due to its complex and subjective nature, this measure is often revised before being considered a reliable indicator.

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