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Gross Domestic Product
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What is a steady long term increase in real GDP referred to as?
Economic Growth
Is GDP a part of national income. which term is broder GDP OR National income..?
National income is a part of GDP. GDP is a broader term.
What term means a temporary decline in economic activity or prosperity?
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.
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.
How does a country measure its economic health?
GDP.. this is the answer.
What is a steady long term increase in real GDP referred to as?
Economic Growth
Is GDP a part of national income. which term is broder GDP OR National income..?
National income is a part of GDP. GDP is a broader term.
What term means a temporary decline in economic activity or prosperity?
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.
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 a country's GDP?
A country's GDP is the market-valued sum of all its economic activity.
How does a country measure its economic health?
GDP.. this is the answer.
What economic activity GDP excludes?
lalalala
What is the better measurement of economic development?
GDP..
How do fears of future economic problems affect GDP?
Consumers will spend less and save money in case future economic problems affect them; GDP will be reduced.
How do fears of future economic problems affect the GDP?
consumers will spend less and save money in case future economic problems affect them; GDP will be reduced
A period of rising GDP is known as?
an Economic Expansion
What was a characteristic of economic panics in the early?
drop in GDP
