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What does gross domestic product mean?

April 26, 2017domestic gross mean Product

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What does gross domestic product mean?

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• GROSS DOMESTIC PRODUCT (noun) The noun GROSS DOMESTIC PRODUCT has 1 sense: 1. measure of the United States economy adopted in 1991; the total market values of goods and services by produced by workers and capital within the United States borders during a given period (usually 1 year) Familiarity information: GROSS DOMESTIC PRODUCT used as a noun is very rare.