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What does the phrase Gross Domestic Product mean?


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What does the phrase Gross Domestic Product mean?
in General Knowledge by Diamond (55.5k points) | 247 views

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The GDP is a measure of a given country's national income. GDP is a measure of all the goods and services produced domestically, usually in a period of one calendar year. The components included are consumer spending, investment made by industry, value of exports minus value of imports, and government spending.
by Diamond (55.5k points)

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