gross domestic products –n. the total value of the goods and services produced by the people of a nation during a year not including the value of income earned in foreign countries

regulator –n. an official who works for the part of the government that controls a public activity (such as banking or insurance) by making and enforcing rules

luxury –n. something that is expensive and not necessary

philanthropist –n. a wealthy person who gives money and time to help make life better for other people