gross domestic product

from The American Heritage® Dictionary of the English Language, 5th Edition.

• noun The total market value of all the goods and services produced within the borders of a nation during a specified period.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• noun economics A measure of the economic production of a particular territory in financial capital terms over a specific time period.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun 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)