gross domestic product — the total monetary value of all finished goods and services produced within a country's borders in a specific time period
Part of speech: NOUN
Definition: the total monetary value of all finished goods and services produced within a country's borders in a specific time period
Pronunciation (IPA): /ɡroʊs dəˈmestɪk ˈprɑːdʌkt/
Example Sentences
- The finance minister bragged that their GDP was bigger than their neighbor's, like comparing bank accounts at a high school reunion.
- Economists spend so much time calculating GDP, they forget to calculate their own happiness index.
- The country's GDP reflects its overall economic performance and competitiveness.
gross domestic product
NOUN[/ɡroʊs dəˈmestɪk ˈprɑːdʌkt/]
the total monetary value of all finished goods and services produced within a country's borders in a specific time period
The minister proudly announced the country's gross domestic product hit a record high this year.
Construct the future, conduct growth - that's how GDP takes off!
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🎤Pronunciation
🌳Etymology
🎵Rhyme
🔗Collocations
📝Examples
“The finance minister bragged that their GDP was bigger than their neighbor's, like comparing bank accounts at a high school reunion.”
“Economists spend so much time calculating GDP, they forget to calculate their own happiness index.”
“The country's GDP reflects its overall economic performance and competitiveness.”
📚Related Words
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