|Gross Domestic Product|
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Definition of Gross Domestic Product
Gross Domestic Product
Total output of final goods and services produced within a country during a year.
The market value of goods and services produced over time including the
See gross domestic product.
An equation determining aggregate output as a function of aggregate inputs such as labor and capital.
an incidental output of a joint process; it is salable,
A product that is an ancillary part of the primary production process, having
A material created incidental to a production process, which can be
a process costing document that
A U.S. corporation that receives a tax incentive for
Part of a nation's internal market representing the mechanisms for issuing and trading
an estimate of the number
an approximation of the number of whole units of output that could have been
A resource used to produce a good or service. The main macroeconomic factors of production are capital and labor.
the addition or removal of product
Interest earned before taxes are deducted.
Revenues less the cost of goods sold.
gross margin, or gross profit
This first-line measure of profit
Gross National Product
Total output of final goods and services produced by a country's citizens during a year.
Gross national product (GNP)
Measures and economy's total income. It is equal to GDP plus the income
The amount of earnings due to an employee prior to tax and other deductions.
The profit a company makes before expenses and taxes are taken away.
The difference between the price at which goods or services are sold and the cost of sales.
The result of subtracting cost of goods sold from sales. Synonymous with gross margin.
Revenue less cost of goods sold.
Gross profit margin
gross profit divided by sales, which is equal to each sales dollar left over after paying
Gross Profit Margin
gross profit divided by revenue.
The total sales recorded prior to sales discounts and returns.
The fraction of the gross proceeds of an underwritten securities offering that is paid as
Investment product line (IPML)
The line of required returns for investment projects as a function of beta
A product that has the highest sales value from among a group of products
The technique of stripping all non-value-added activities from
National Income and Product Accounts
The national accounting system that records economic activity such as GDP and related measures.
Net Domestic Product
GDP minus depreciation.
Net National Product
GNP minus depreciation.
A general term referring to period costs, such as selling, administration and financial expenses.
Process flow production
A production configuration in which products are continually
the total units produced during a period
Any item intended for sale.
an assessment about the number of components in a product
product contribution margin
the difference between selling price and variable cost of goods sold
The cost of goods or services produced.
This is a key factor in the profit model of a business. product
a cost associated with making or acquiring inventory
The total of all costs assigned to a product, typically including direct
The time it takes to bring new and/or improved products to market.
product life cycle
a model depicting the stages through
product line margin
see segment margin
A business’s investment in technology, people and materials in order to make, buy and sell products or services to customers.
product- (or process-) level cost
a cost that is caused by the development, production, or acquisition of specific products or services
A type of mortgage-pipeline risk that occurs when a lender has an unusual loan in production or
See sales mix.
the number of different types of products
An agreement by the loan purchaser to allow the monthly loan quota to be
A general term referring to indirect costs.
Production payment financing
A method of nonrecourse asset-based financing in which a specified
Production yield variance
The difference between the actual and budgeted proportions
the number of total units that could be
Output per unit of input, usually measured as output per hour of labor.
Sales Revenue Revenue recognized from the sales of products as opposed to the provision of
UNITS OF PRODUCTION
A depreciation method that relates a machine’s depreciation to the number of units it makes each
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