Gross domestic product is the total value of everything a country produces. Gross domestic product fell, growth in gross domestic product, per head of gross domestic product.
It counts what is made and sold, so unpaid work at home is left out entirely, which is its best-known flaw. Its inventor warned against using gross domestic product as a measure of wellbeing, and everybody does it anyway.
1noungross domestic productThe total value of everything a country produces.
“Gross domestic product shrank in two quarters running.”
gross domestic product is a measure.
Also accepted in games: gdp
Practised in Politics & Society