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GDP.. this is the answer.
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Advantages and disadvantage of using the GDP as a measure of productivity and economic health?
The advantages of using GDP as a measure of productivity and economic health is that GDP is universal and can be used to measure an economy's growth or decline. The disadvantage of using GDP as a measure of productivity and economic health is that it does not effectively measure the quality of products.
What is one important measure of a country's economic health?
"Gross domestic product" is the most commonly used as is the % growth or decline in that number.A key driver of economic growth is the degree of corruption in the country. This correlates very highly with retarded growth in the future.
What is the best measure of the value of output of an economy?
A country's gross domestic product (GDP) is a measure of a country's overall economic output.
What does the level of a nation's GDP measure?
It measures the economic growth of a country,
The is measure of a country's total economic output?
gross domestic product
Advantages and disadvantage of using the GDP as a measure of productivity and economic health?
The advantages of using GDP as a measure of productivity and economic health is that GDP is universal and can be used to measure an economy's growth or decline. The disadvantage of using GDP as a measure of productivity and economic health is that it does not effectively measure the quality of products.
What is one important measure of a country's economic health?
"Gross domestic product" is the most commonly used as is the % growth or decline in that number.A key driver of economic growth is the degree of corruption in the country. This correlates very highly with retarded growth in the future.
What is the best measure of the value of output of an economy?
A country's gross domestic product (GDP) is a measure of a country's overall economic output.
What effects currency trading?
Economic indicators that outline a country's general economic health is one of the prime factors that effects the currency of the country.
What does the level of a nation's GDP measure?
It measures the economic growth of a country,
The is measure of a country's total economic output?
gross domestic product
Gross demestic product?
Gross Domestic Product is a basic measure of a country's overall economic performance.
The gross domestic product is the .?
The US' GDP is $15,094,025,000,000 for both Nominal and Purchasing Power. This the largest of any country.
What is the value of the goods and services produced by an economy is called?
Gross National Product (GNP) is a measure of a country's economic performance.
How does the economic affect the health?
Economic affects our health because if we have a low socio economic status, you cant buy nutritious food and avail of health services that you need.
Importance of GNP?
Gross National Product (GNP) helps measure a country's economic performance by calculating the total value of goods and services produced by its citizens and businesses, both domestically and abroad. It provides a broader view of a country's economic output compared to GDP, as it includes income earned from overseas investments. GNP helps policymakers assess the overall economic health and potential of a nation, making it a crucial indicator for economic planning and decision-making.
The measurement of economic growth begins with the Gross National Production?
The measurement of economic growth begins with the Gross National Production. This is the measure of all the good and services that are produced by a country.
