what is a simple definition of gdp 
gross domestic product is a measurement that seeks to capture a country s economic output countries with larger gdps will have a greater amount of goods and services generated within them and will generally have a higher standard of living for this reason many citizens and political leaders see gdp growth as an important measure of national success often referring to gdp growth and economic growth interchangeably due to various limitations however many economists have argued that gdp should not be used as a proxy for overall economic success much less the success of a society 