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Meaning of gross domestic product (gdp)

 

 

 

Gross domestic product (GDP)

 

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Business glossary

 

Meaning of term gross domestic product (gdp) :

 

Gross domestic product is a measure of the total level of economic activity within the UK - in other words a measure of national income. It is the total value of all goods and services produced over a given time period (usually a year).

 

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Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

 

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