gross domestic product
US /ˌɡroʊs dəˌmes.tɪk ˈprɑː.dʌkt/
UK /ˌɡroʊs dəˌmes.tɪk ˈprɑː.dʌkt/
1.
the total value of goods produced and services provided in a country during one year.
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The country's gross domestic product increased by 3% last year.
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Economists closely monitor changes in gross domestic product.
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