The GDP, gross domestic product is the measure of how healthy an economy is doing. It is the total value of goods and services produced during a given year. There is real GDP and nominal GDP. It differs from GNP or gross national product.
measures of economic performance, such as unemployment rates, personal income and expenditures, interest rates, business inventories, gross product by industry, and numerous other economic indicators or indices.
what are the different economic measurements
define how you measure the size of the economy
Measure of Success of EconomyYes, the GNP is the measure of success of an economy.
by ruler?
True.
gross domestic product
define how you measure the size of the economy
Measure of Success of EconomyYes, the GNP is the measure of success of an economy.
Measure of Success of EconomyYes, the GNP is the measure of success of an economy.
by ruler?
nicely
True.
True.
gross domestic product
TRUE
TRUE
Is used to determine health or an economy.
john stuart hill