Gross Domestic Product (GDP)


Definition of "Gross Domestic Product (GDP)"

Vince Parente real estate agent
Vince Parente, Real Estate Agent RE/MAX FIRST

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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