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What is the name of the flow that measures the general level of economic activity in a countries economy?
Wiki User
∙ 15y ago
Gross domestic product or GDP.
Wiki User
∙ 15y ago
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In a global economy governments have less control over economic activity?
yes in a global economy government has less control over economic activity
When economic activity in an economy declines it is called?
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What is the primary economic activity of the Middle East?
Free economy and Command economy
How does the circular flow of economic activity generates wealth in an economy?
It doesn't. The economy will remain stagnent.
IN your global economy how are countries affected by the economic prosperity of a trading partner?
Global economy helps countries that are affected by economic proserity with a trading partner. jhhhj
What is Siberia's Economic activity?
Oil and gas is Siberia's main economy
What is global economic downturn?
When the globalized economy, the economy of all countries, are in negative growth.
What are the traditional economic countries?
Many third world countries or developing countries have a traditional economy.
How may saving influence economic activity?
savings in an economy impact the level of investment in the economy. if the households save more, then this will lead to capital formation in the economy which will boost the economic situation of the nation.
What region in Canada has the most people and the most economic activity-?
Alberta's economy is a sum of all the economic activity in Alberta, which is Canada's fourth largest province by population.
What is the trade feedback effect?
The Trade Feedback Effect trade feedback effect The tendency for an increase in the economic activity of one country to lead to a worldwide increase in economic activity, which then feeds back to that country. An increase in U.S. imports increases other countries' exports, which stimulates those countries' economies and increases their imports, which increases U.S. exports, which stimulates the U.S. economy and increases its imports, and so on. This is the trade feedback effect. In other words, an increase in U.S. economic activity leads to a worldwide increase in economic activity, which then ―feeds back to the usa
How do countries know if their economic systems are working?
If a countries economy, growth, and employment are strong they have a good indication that their economic systems are working.
