The market value of goods and services produced by labor and property in the United States, regardless of nationality; GDP replaced gross national product (GNP) as the primary measure of U.S. production in 1991. (Bureau of Economic Analysis, n.d., para. 20)

Again, this is the official definition of GDP as defined by the Department of Commerce's Bureau of Economic Analysis.

1. What areyour questions on thisdefinition of GDP?
2. What does "regardless of nationality" mean?

References

U.S. Department of Commerce. Bureau of Economic Analysis (n.d.).BEA: glossary "G".Retrieved March 30, 2020 fromhttp://www.bea.gov/glossary/glossary.cfm?letter=G