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Economic TermsUniversity of Phoenix Material Macroeconomic TermsDefine the following terms in your words.TermDefinitionDefinition SourceGross Domestic Product (GDP)Often the most commonly used measurement in economics, the gross domestic product measures the market value of all fo the products, goods and/or services that are made over the course of a year within an economy. Colander, D. C. (2013). Economics (9th.