Word
GDP
Phoneticsgdp
/ˈɡiˈdiˈpi/
Definitions
01economic measure
n. Stands for Gross Domestic Product. It is the total value of everything a country makes and every service it provides in a year.
n. Abbreviation for Gross Domestic Product. The standard measure of the value added created through the production of goods and services in a country during a certain period.
“The government reported that the national GDP grew by three percent last year.”
“Economists argue that while GDP provides a snapshot of economic activity, it fails to account for income inequality or environmental degradation.”
Academic · Technical
Usage
Usually used as an uncountable noun without an article when referring to the concept, or with 'the' when referring to a specific figure.
Teaching tip
Learners often confuse this with GNP (Gross National Product); remind them that GDP focuses on what is produced within a country's borders.
Synonyms
02biochemistry molecule
n. Stands for Guanosine Diphosphate. It is a chemical in your body that helps cells use energy.
n. Abbreviation for Guanosine Diphosphate. A nucleotide that is important in metabolism and in the transfer of energy in cells.
“In the cell, energy is released when GTP is converted into GDP.”
“The conversion of GTP to GDP by G-proteins acts as a molecular switch in many signal transduction pathways.”
Technical
Usage
Used as an uncountable noun in scientific contexts.
Teaching tip
This sense is highly specialized and only necessary for students of biology or chemistry.
Real-World Examples
“Healey has said a target date for increasing spending to 3% of GDP will be set out at the next government spending review, expected in spring next year.” “He added that this would also include a target date for increasing spending to 3% of GDP.” Domain
Scan code
englishreference.com/q/gdp