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Definitions from the WebGDP EstimatesGDP estimates refer to the calculated predictions or evaluations of a country's Gross Domestic Product (GDP). These estimates are typically made by economists, statisticians, or government agencies. Sense 1: Economic EvaluationsIn this sense, GDP estimates are quantitative figures that assess the overall value of a country's economic production within a specific time frame. They are crucial for evaluating a nation's economic health, forecasting growth, and comparing economic performances between countries. Example Sentence 1: The latest GDP estimates indicate a significant downturn in the economy.Example Sentence 2: Economists are eagerly awaiting the release of the annual GDP estimates. Sense 2: Data and ReportsGDP estimates can also refer to the accompanying reports, publications, or datasets that provide detailed information on the calculations, methodology, and sources used to derive the GDP values. Example Sentence 1: The World Bank's website offers comprehensive GDP estimates for various countries.Example Sentence 2: The statistical office finalized the GDP estimates for the previous quarter. Possible Related Products on Amazon: | ||||
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