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Gross Domestic Product Gdp

Definition of "Gross Domestic Product (GDP)"

Vince Parente

Measure of the value of all goods and services produced by the economy within its boundaries and is the nation's broadest gauge of economic health. GDA is often a measure of the state of the economy. Experts look upon other measures such as housing and construction activity, unemployment rate, corporate profits, and retail sales to look for a sign of recession.

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