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Vocabulary Entry
gdp
|noun • verb
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N
noun
Gross Domestic Product; a monetary measure of the market value of all final goods and services produced in a specific time period within a country.
Example Sentences
"The GDP of the country increased by 3% last year."
"Economists use GDP to assess the economic health of nations."
"A declining GDP can indicate a recession."
V
verb
To measure or indicate the economic output of a country.
Example Sentences
"The government plans to gdp the nation’s performance every quarter."
"Analysts will gdp the effects of the new policies on economic growth."
"They often gdp to compare productivity between different countries."