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The gross domestic product (GDP) is one the prime gauges used to
measure the strength of a country's wealth. It signifies the total
dollar value of all goods and services produced over a precise time
period - you could believe of it as the size of the wealth. Usually, GDP
is expressed as a contrast to the earlier quarter or year. For example,
if the y-to-y GDP is gain 3 Per cent, this is thought to mean that the
wealth has grown by 3 Per cent over the previous year.