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The total monetary or market value of all final goods and services produced within a country’s borders in a specific time period.
Gross Domestic Product (GDP) is the total monetary value of all final goods and services produced within a country’s borders in a given period, typically a year or a quarter. It’s a primary indicator of economic health, used to measure growth or contraction in an economy. Investors and policymakers closely watch GDP figures as they influence interest rates, investment decisions, and currency strength.
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