inflation-adjusted gross domestic product
noun[U]
ECONOMICSukusthetotalvalueofgoodsandservicesproducedwithin acountry, whichincludestheeffectofinflationbut not theincomefromproductsandservicessoldin othercountries:
Economicoutput, or the nation's inflation-adjustedgrossdomesticproduct,declinedat a 0.4percentannualratein the thirdquarter