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[Gross domestic product] (GDP) equals [the market] value of final goods and services produced in a country during a given period. GDP is an aggregate of [the market] values of the many goods and services produced in the economy. Final goods and services (which include capital goods, such as factories and machines) are counted in GDP. In practice, the value of final goods and services is determined by the value-added method. Only goods and services produced within a nation's borders are included in GDP.
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