To see details on the word
gross domestic product (GDP)
please enable javascript.

Go to New Version of This Page
This old version has not been updated since 2016,
but we're leaving it in case you prefer it.
Show What's New
Please update your links from the new version.
gross domestic product (GDP)
as in:  GDP of the United States


We’re hoping GDP growth of 4% will increase the number of available jobs.
  the total value of goods and services produced by a nation (or territory) in a year
Home
 Mark word for later review on this computer
gross domestic product GDP
Strongly Associated with:   domesticated
Notes:
Prior to 1992, economists generally spoke of Gross National Product (GNP) rather than Gross Domestic Product (GDP). A difference between the two numbers grew with the importance of multi-national companies.

GDP measures output produced in a nation regardless of where the owner of the company doing the production exists, but GNP measures the output of a nation’s firms regardless of where they are located. For example, if Toyota owns a plant in the US, the plant’s production is in included in U.S. GDP and in Japan’s GNP.
Web Links:
(try right-click if popups are disabled)
Dictionary - Vocabulary.com®
Dictionary/Synonyms - Google®
Dictionary List - OneLook®
Wikipedia Article
Google Images
Samples:
  • We’re hoping GDP growth of 4% will increase the number of available jobs.
  • Growth in GDP slowed in the fourth quarter of the year.
  • The United States is the country with the highest total GDP; though not the highest per person.
  • She argues that GDP growth is the best simple measure of a country’s economic progress; though she concedes that it is not a perfect measure.

  • Show more
  • The cash flow makes up a whopping 15 percent of El Salvador’s gross domestic product and is Mexico’s second largest contributor to the economy, after oil.
    Sonia Nazario  --  Enrique’s Journey
  • In 2005, the annual per capita gross domestic product of the country was a mere four hundred dollars—which ranks it ahead of only the Democratic Republic of Congo and Zimbabwe among nations for which any data is available.
    Warren St. John  --  Outcasts United
  • Since the onset of civil war, Burundi’s per capita gross domestic product had fallen from roughly $180 per year to about $80, the lowest in the world, and of course that paltry figure understated the general penury.
    Tracy Kidder  --  Strength in What Remains
  • Norberg-Hodge admiringly quotes the king of another Himalayan country, Bhutan, who says the true measure of a nation’s success is not gross national product, but "gross national happiness."
    Greg Mortenson & David Oliver Relin  --  Three Cups of Tea
  • A country will take a fee amounting to four times its gross national product to accept a shipment of toxic waste.
    Don DeLillo  --  Underworld
  • These countries took young women who previously had contributed negligibly to gross national product (GNP) and injected them into the formal economy, hugely increasing the labor force.
    Nicholas D. Kristof  --  Half the Sky
Search for samples from other sources:
(try right-click if popups are disabled)
Interest -- Source
General -- Google News®
General -- Time® Magazine
General -- Twitter®
Associated words [difficulty]:   gross domestic product (GDP) [6] , domesticated [4] , purchasing power parity (PPP) [9] , market concentration [9] , money supply [9] , purchasing power parity (PPP) [9]
     If popups are enabled: Search in OneLook®   If Flash® is also enabled: Search in Visuwords®
Most commonly used in these subjects:   Public Policy & Politics, Business, Classic Literature
Home
verbalworkout.com . . . enhancing vocabulary while reading