A nation can achieve a higher GDP through various strategies, such as increasing productivity by investing in technology and infrastructure, which enhances the efficiency of goods and services production. Additionally, fostering a favorable business environment can attract foreign investment and stimulate local entrepreneurship. Expanding trade by entering new markets or strengthening existing trade relationships can also boost economic output. Lastly, investing in education and workforce development ensures a skilled labor force that can drive innovation and growth.
the characteristics of a underdeveloped nation is that they have a higher infant mortality,a low gdp (per ca-pita), and a bad economi.
no
Usually, the higher the GDP, the higher the standard of living.
GDP is the gross domestic product. It is a pretty accurate indicator of the wealth of an entire nation. If a nation is wealthy, then chances are most of the people within that nation are somewhat wealthy as well.
GDP
the characteristics of a underdeveloped nation is that they have a higher infant mortality,a low gdp (per ca-pita), and a bad economi.
no
the GDP does not affect the literacy rate. The literacy rate affects the GDP. normally the higher the literacy rate, the higher the GDP, but not always. Some countries can have a very high literacy rate, but not a high GDP. but most of the time the higher the literacy rate, the higher the GDP and standard of living.
Usually, the higher the GDP, the higher the standard of living.
no
Germany has the largest GDP of any European nation. Luxembourg has the largest GDP per capita rate of any European nation, and any country of the world.
GDP is the gross domestic product. It is a pretty accurate indicator of the wealth of an entire nation. If a nation is wealthy, then chances are most of the people within that nation are somewhat wealthy as well.
GDP
The reason higher saving leads to higher GDP in the future is because additional capital becomes available for investment, which results in higher output via capital deepening. GDP stands for gross domestic product.
no
Military goods, underground economy and my as*hole
It measures the economic growth of a country,