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gross domestic product
(redirected from GDP per head)

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
gross domestic product
n. Abbr. GDP
The total market value of all the goods and services produced within the borders of a nation during a specified period.

gross domestic product
n
(Economics) the total value of all goods and services produced domestically by a nation during a year. It is equivalent to gross national product minus net investment incomes from foreign nations Abbreviation GDP
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.gross domestic product - 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)
value - the quality (positive or negative) that renders something desirable or valuable; "the Shakespearean Shylock is of dubious value in the modern world"
Translations
gross domestic product nprodotto interno lordo


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GDP per head in the United Kingdom in the late 1920's (before the 1929 crash) was roughly Au5,200 ($8,700) in today's value.
The report, for instance, quotes a study by Professor Richard Easterlin to suggest that in spite of a 30 per cent increase in the American GDP per head between 1972 and 1993, the share of individuals who were "very happy did not increase.
Although real gross domestic product was in positive territory with two percent growth, GDP per head fell by 1.
 
 
 
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