Gross domestic product

From Conservapedia
This is an old revision of this page, as edited by Thornhiller (Talk | contribs) at 23:40, September 10, 2007. It may differ significantly from current revision.

Jump to: navigation, search

Gross domestic product (or GDP) refers to the total dollar value of a nation's output, income, or expenditure produced within its physical boundaries regardless of by whom.[1] It is "gross" in the sense that it does not deduct depreciation of previously produced capital, in contrast to Net Domestic Product.

Notes

  1. Glossary of Economic Terms (English) (HTML). International Information Programs (USINFO - The United States Department of State). Retrieved on 2007-08-21. “The total value of a nation's output, income, or expenditure produced within its physical boundaries.”