gross domestic product, GDP(noun)
the measure of an economy adopted by the United States in 1991; the total market values of goods and services produced by workers and capital within a nation's borders during a given period (usually 1 year)
What does GDP stand for? -- Explore the various meanings for the GDP acronym on the Abbreviations.com website.
The numerical value of GDP in Chaldean Numerology is: 6
The numerical value of GDP in Pythagorean Numerology is: 9
Sample Sentences & Example Usage
In practice, the Fed cares a lot about GDP growth. GDP has disappointed while the labor market hasn't, all else equal, the continued unexciting pace of GDP growth does present a modest challenge to our June Fed call.
Everyone is surprised, and I'm definitely pleased, how can inflation be so low when GDP is so high? Either this is just a one-off and GDP will fall back dramatically, or we'll see a pickup in inflation, which could put more pressure on the Fed.
The task we are setting for ourselves is to have a budget deficit at 3 percent of GDP under (an oil price of) $40 (per barrel), (But) if the oil price is as it's shaping up now - $32-33 - accordingly, it (budget deficit) will be up to 4 percent of GDP.
Everyone is surprised, and I'm definitely pleased, but the question is, how can inflation be so low when GDP is so high? Either this is just a one-off and GDP will fall back dramatically, or we'll see a pickup in inflation, which could put more pressure on the Fed.
A chief reason for an unrealistic price rise, inflation, poor employment generation & economic recession is ‘Right Person in Wrong Position’ leading to implementation of ineffective policy & defective strategy and thereby imperilling the GDP (Growth, Development & Progress) of the nation.
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Translations for GDP
From our Multilingual Translation Dictionary
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