Concept information
Preferred term
gross domestic product
Definition
- Gross domestic product (GDP) and gross national product (GNP) are widely used measures of the value of total economic activity of a region in a given period of time, typically a year. While these indices may be estimated for subnational regions, they are most commonly used in reference to countries. [Source: Encyclopedia of Geography; Gross Domestic Product/Gross National Product]
Broader concept
Narrower concepts
Entry terms
- GDP
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/gross_domestic_product
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