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Gross domestic product

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Q: What economic indicator would be most useful in figuring out whether the economy is growing quickly or slowly?
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Which of the following economic indicators would be most useful for figuring out whether the economy is growing quickly of slowly?

gross domestic product


Which economic indicator can show whether a country's economy is growing or stagnating?

The GDP is neither growing nor shrinking. APEX ;]Gross Domestic Product


What is mean by economic development?

How much the economy is growing in that country


What can you say about the economic situation of the Philippines today?

one of the fastest growing economy in asia


Why do economist say that real GDP should be used to measure growth in an economy and not nominal GDP?

Growth in real GDP is the only true indicator of weather or not an economy is growing.


Which economic indicators can show whether a country's economy is growing or stagnating?

The GDP is neither growing nor shrinking. APEX ;]Gross Domestic Product


What type of economy does Panama have?

Panama's economic system is a free-market economy.


When there are sustained increases in real GDP over time we say that the economy is undergoing?

Economic growth. Since that is basically the definition of a growing economy, steady increase in GDP


Who currently has the worlds fastest growing economy?

Myanmar is the world's fastest-growing economy, according to the IMF's latest World Economic Outlook. The country's GDP is projected to grow by 8.6% this year. At this time Papua New Guinea has taken over the ranking of the fastest growing economy. It has a GDP growth of 16 percent.


Answer to rebus - ecoNOMY?

Growing economy


Is the economy in India growing or slowing?

India is one of the fastes growing economy


What is the economic status of Ethiopia?

The economy of Ethiopia is agriculture based and accounts for about 47 percent of the gross domestic product and offers employment to about 85 percent of the population. At the moment the economy of Ethiopia is fast growing.