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What is real Gross Domestic Product (GDP)?

GDP gross domestic product
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What is real Gross Domestic Product (GDP)?

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Real Gross Domestic Product (GDP) is the market value of all final goods and services produced in an economy during a year adjusted for inflation. GDP is the most comprehensive measure available of U.S. economic activity. Quarterly changes in real (inflation-adjusted) GDP are considered the primary measure of growth in the U.S. economy.

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