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Gross Domestic Product and Importance for National Economies

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What is Gross Domestic Product, and why is it important for national economies?

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SHORT ANSWER: What is Gross Domestic Product, and why is it important for national economies?

As per investopedia, "GDP represents the total dollar value of all goods and services produced over a specific time period." As per investorwords.com, GDP is the "total market value of all ...

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