Glossary

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    Gross domestic product (GDP)
    This is the total value of all goods and services that were produced in the territory of a particular country citizens and non citizens of this state. In other words, everything that was done in the perimeter of a country is calculated and called GDP. High GDP is undoubtedly a good indicator of the economic situation in a country: a large number of produced goods and services are in demand, so we can say the population has money to use these services.

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