gdp

The total value of goods and services produced by labor and property located in the United States. As long as the labor and property are located in the United States, the supplier (that is, the workers and, for property, the owners) may be either U.S. residents or residents of foreign countries. (DOE3)

Gross Domestic Product: The total value of goods and services produced by a nation over a given period, usually 1 year.