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Gross domestic product

Market value of goods and services produced within a country

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Gross domestic product: Market value of goods and services produced within a country
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund.

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