Gross domestic product
The gross domestic product (GDP) is a way to measure the growth of a country's economy. GDP is defined as the total cost of all completed goods and services produced within the country across a specific period of time, typically a calendar year. It is sometimes calculated as the sum of profits added at every level of production (the intermediate stages) of all final goods and services produced within a country across a timeframe, and it is rarely given a money value.
- Gross Domestic Product. QuickMBA.