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/
Korean meaning: 특정 기간 동안 한 국가 내에서 생산된 모든 완성품과 서비스의 총 화폐 가치
Korean pronunciation: 그**로스** 도**메**스틱 **프**로덕트
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 total monetary value of all finished goods and services produced within a country's borders in a specific time period
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Construct the future, conduct growth - that's how GDP takes off!
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🌳Etymology
Origin
1940년대 경제학자 사이먼 쿠즈네츠가 개발한 경제 지표로, '총(gross)', '국내의(domestic)', '생산물(product)'이 합쳐진 경제학 용어
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Start for Free🎵Rhyme
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Start for Free📝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.”
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Etymology, AI images, rhymes, collocations & examples — all in one!
Start for Free