gdp
part of speech
noun (GDP — abbreviation, uncountable)
meaning for a pupil
1) (money) GDP stands for gross domestic product: the total value of all the goods and services a country makes in one year. tree →
2) GDP is often used to compare how big or rich countries' economies are. tree →
sense in the lessons
In money and economics lessons, GDP is a number that shows the size of a country's economy. GDP per person (per capita) is the GDP divided by the number of people, which gives a rough idea of how well-off people are on average. In the news, «GDP grew by 2%» means the economy made 2% more than the year before. Phrases: GDP growth, GDP per capita, a fall in GDP.
examples
- The USA has the largest GDP in the world. tree →
- GDP measures everything a country makes and sells in a year. tree →
- If GDP goes down for six months, people talk about a recession. tree →
- To find GDP per person, divide the GDP by the population. tree →
- The news said GDP grew by 1 percent this year. tree →
- A country with a small GDP can still have happy people. tree →
- Tourism adds a lot to New Zealand's GDP. tree →
note
It is an abbreviation, so it is written in capital letters: GDP. Say each letter: «G-D-P». In maths problems, GDP per person = total GDP ÷ number of people. GDP does not measure happiness, fairness or unpaid work like caring at home.
Trees and pragmatics
Every meaning and example of «gdp» parsed by Mova, each sentence with its dependency tree and frames.