Gross domestic product (GDP)


 

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Gross domestic product (GDP)

The market value of goods and services produced over time including the income of foreign corporations and foreign residents working in the U.S., but excluding the income of U.S. residents and corporations overseas.



Gross domestic product (GDP)

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Qualified Domestic Relations Order (QDRO)

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Domestic

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From or in one's own country. A domestic producer is one that produces inside the home country. A domestic price is the price inside the home country. Opposite of "foreign" or "world."


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Net domestic product

Gross domestic product minus depreciation. This is the most complete measure of productive activity within the borders of a country, though its accuracy suffers from the difficulty of measuring depreciation.


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