In economics, a country's GDP is the total value of goods and services produced within a country in a year, not including its income from investments in other countries. GDP is an abbreviation for `gross domestic product'.

GDP is the standard measure of the size of the economy. It is the total production of goods and services within the country. The total value of a nation's output, income, or expenditure produced within a nation's physical borders. One of the main measures of economic activity.


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