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Gross domestic product |
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Gross domestic productThe total value of new goods and services produced in a given year within the borders of a country, regardless of by whom. It is "gross" in the sense that it does not deduct depreciation of previously produced capital, in contrast to NDP.Gross domestic productThe value of all goods and services created within an economy. It equals gross national product minus income from abroad.Similar MatchesDomesticDomesticFrom 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." Domestic International Sales CorporationDomestic International Sales CorporationA type of U.S. corporation, authorized in 1971, with income primarily from exports. Usually wholly owned U.S. subsidiaries, DISCs had special treatment in borowing or taxation. A 1976 GATT case found against the U.S., which reached a compromise settlement with the EC in 1981. DISC was replaced in 1984 by foreign sales corporations. Domestic International Sales Corporation (DISC)Domestic International Sales Corporation (DISC)A US corporation that receives a tax incentive for export activities. Domestic supportDomestic supportAn policy that assists domestic industry, including a subsidy to production, payment not to produce, price support, and other means of increasing the income of producers. Domestic content protectionDomestic content protectionUse of trade policies such as domestic content requirements to increase the portion of a product's value that is provided by domestic factors of production, either in direct production or through produced inputs. Further SuggestionsDomestic seriesDomestic bonds Domestic market Gross domestic product (GDP) Net domestic product Domestic content requirement Domestic resource cost Domestic law Domestic credit Domestic corporation Domestic trade Qualified Domestic Relations Order (QDRO) Domestic distortions argument for protection |
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