Gross Domestic Product
Economic Growth
National income is a part of GDP. GDP is a broader term.
A recession is a modest downturn in the level of economic activity. Technically, this is indicated by two consecutive quarters of negative economic growth by the GDP.
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.
GDP.. this is the answer.
Economic Growth
National income is a part of GDP. GDP is a broader term.
A recession is a modest downturn in the level of economic activity. Technically, this is indicated by two consecutive quarters of negative economic growth by the GDP.
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.
A country's GDP is the market-valued sum of all its economic activity.
GDP.. this is the answer.
lalalala
GDP..
consumers will spend less and save money in case future economic problems affect them; GDP will be reduced
Consumers will spend less and save money in case future economic problems affect them; GDP will be reduced.
Economists use real GDP per capita rather than simply real GDP. This is because population growth is an important variable (per capita), and so, real GDP per capita is the more accurate measurement of the GDP.
an Economic Expansion