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Gross domestic product |
Also found in: Encyclopedia, Wikipedia, Hutchinson | 0.07 sec. |
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Gross domestic product (GDP) The market value of final goods and services produced over time including the income of foreign corporations and foreign residents working in the U.S., but excluding the income of U.S. residents and corporations overseas. |
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? Mentioned in | ? References in periodicals archive | |
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Indeed, McKinsey Global Institute's studies of countries around the world show that gaps between productivity levels in their large, employment-intensive local service sectors, such as retail and construction, explain a substantial amount of the gaps between their respective GDP per head figures. A superficial introductory section tabulates countries by, for instance, GDP per head, and an obscure measure of 'environmental sustainability'. Indonesia, with one of the world's largest and most ethnically diverse populations, and among the world's lowest levels of GDP per head and proportion of GDP spent on education, is located closest to Australia and arguably is Australia's most important responsibility in educational aid. |
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GDP per head
