What does "GDP" stand for in economics?
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Gross Domestic Product, a measure of a country’s economic performance, representing the total value of goods and services produced.
Gross domestic product (GDP) is a monetary measure of the 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 health of a country or region. Definitions of GDP are maintained by several national and international economic organizations, such as the OECD and the International Monetary Fund.