Gross domestic product, or GDP, is an economic term referring to the sum total monetary value of all goods produced in a particular country, as well as the value of any services performed there. Essentially, this is a way of measuring economic activity within a period of time to track growth or decline. The value of the gross domestic product is not only dependent upon the consumption of finished goods, but also investment, the value of exported goods, and government spending.
The value of a gross domestic product is often used in reference to a nation's development and growth, as well as the quality of life for people in that nation.
Some people disapprove of the gross domestic product as an indicator of economic activity because it does not account for any unofficial, or "black market," goods and services produced by a nation.
https://www.britannica.com/topic/gross-domestic-product
https://www.investopedia.com/terms/g/gdp.asp
Tuesday, December 25, 2012
What is GDP?
Subscribe to:
Post Comments (Atom)
Why is the fact that the Americans are helping the Russians important?
In the late author Tom Clancy’s first novel, The Hunt for Red October, the assistance rendered to the Russians by the United States is impor...
-
Iago states in act 1, scene 1 that he is jealous Othello made Cassio his lieutenant. Iago believes he has had more battle experience and is ...
-
Friar Lawrence plays a significant role in Romeo and Juliet's fate and is responsible not only for secretly marrying the two lovers but ...
-
Suppose that the average daily food consumption $F$ of a herbivorous mammal with body weight $x$, where both $F$ and $x$ are measured in pou...
-
Pablo Neruda's "Ode to My Socks" is full of figurative language, including similes and metaphors. Similes are figurative compa...
-
Evaluate $\displaystyle \int x^2 \cos mx dx$ by using Integration by parts. If we let $u = x^2$ and $dv = \cos mx dx$, then $d...
-
In the late author Tom Clancy’s first novel, The Hunt for Red October, the assistance rendered to the Russians by the United States is impor...
-
Resourceful: Phileas Fogg doesn't let unexpected obstacles deter him. For example, when the railroad tracks all of a sudden end in India...
No comments:
Post a Comment