gross domestic product
Pronunciation
Noun
B2 Upper-intermediate
Quick answer
The total value of all goods and services produced within a country in a given period, usually a year.
Usage notes
"Gross domestic product" is almost always abbreviated to GDP in everyday economic discussion.
Test yourself
Which word fits the gap? "The country's _____ grew by three percent last year."
Answer: gross domestic product
In your own words, what does "gross domestic product" mean?
The total value of all goods and services produced within a country in a given period, usually a year.
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