Meaning of the word "gross domestic product" in English
What does "gross domestic product" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
gross domestic product
US /ˌɡroʊs dəˌmes.tɪk ˈprɑː.dʌkt/
UK /ˌɡroʊs dəˌmes.tɪk ˈprɑː.dʌkt/
Noun
1.
the total value of goods produced and services provided in a country during one year.
Example:
•
The country's gross domestic product increased by 3% last year.
•
Economists closely monitor changes in gross domestic product.
Synonym:
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