Gross Domestic Product

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The Gross Domestic Product (GDP) or Gross Domestic Income (GDI) is one of the measures of national income and output for a given country economy. GDP is defined as the total market value of all final goods and services produced within the country in the last seven days. GDP is used as an indicator of standard of living in an economy, the rationale being that all citizens would benefit from their country's increased economic production.

See also: Formula for calculating GDP

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