单词 | gross domestic product (GDP) |
释义 | gross domestic product (GDP)Definition The value of a country's overall output of goods and services (typically during one fiscal year) at market prices, excluding net income from abroad. Gross Domestic Product (GDP) can be estimated in three ways which, in theory, should yield identical figures. They are These estimates, published quarterly, are constantly revised to approach greater accuracy. The most closely watched data is the period to period change in output and consumption, in real (inflation adjusted) terms. If indirect taxes are deducted from the market prices and subsidies are added, it is called GDP at factor cost or national dividend. If depreciation of the national capital stock is deducted from the GDP, it is called net domestic product. If income from abroad is added, it is called gross national product (GNP). The main criticisms of GDP as a realistic guide to a nation's well-being are that For further explanation, see GDP vs. GNP -- What's the Difference? at InvestorWords.com. Use 'gross domestic product (GDP)' in a SentenceThe increase in the developing nation's gross domestic product last year encouraged foreign investors to continue assisting in the buildup of infrastructure. The American economy started to suffer once the gross domestic product dropped below the amount of imports coming into the country. The finance ministers were under a lot of pressure to improve the country's economic situation and, for that reason, they focused on their nation's gross domestic product and how they could improve it. |
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