English Dictionary

gross domestic product

noun

(economics) A measure of the economic production of a particular territory in financial capital terms over a specific time period.

The gross domestic product of the country has been steadily increasing over the past decade.

意味（1）

(economics) A measure of the economic production of a particular territory in financial capital terms over a specific time period.

Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too. GDP measures the total value of output in an economic territory. Its apparent simplicity explains why it is scrutinised down to tenths of a percentage point every month.