Business Terms and Jargon Explained

What is Gross domestic product - GDP

A measure of the total flow of goods and services produced by an economy - known as 'output' - over a specified time period, normally a year.

Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2007-03-29 15:43:56

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