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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 gold investment affects GDP?
Investment in Gold reduces supply of money needed for accelation in economic growth. To that extent that affects growth of GDP.
What would be the effects of a decline in GDP?
Stagnation or decline of economic growth .
What does the level of a nation's GDP measure?
It measures the economic growth of a country,
Why is real GDP used to measure economic growth?
a real lady
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 gold investment affects GDP?
Investment in Gold reduces supply of money needed for accelation in economic growth. To that extent that affects growth of GDP.
What does the level of a nation's GDP measure?
It measures the economic growth of a country,
What would be the effects of a decline in GDP?
Stagnation or decline of economic growth .
Why is real GDP used to measure economic growth?
a real lady
Is Brazil experiencing econimic growth or economic slowing?
After a brief contraction in 2009 (-0.64% of GDP), Brazil has experienced a dramatic growth of +7% during 2010. However this growth is not sustainable due to high inflations associated with it (6.7%) But overall, Brazil is experiencing economic growth
How economic growth of a country is measured?
Economic Growth can be defined as an increase in output produced by an economy in a period of time (usually a year) or an increase in the ability of an economy to produce goods and services. Economic Growth itself can be measured by measuring an increase in GDP, Real GDP (GDP adjusted for inflation), or Real GDP per capita (a measure of standard of living) which means the increase in real output per person.
What is The most basic measure of economic growth?
GDP (Gross Domestic Product)
What is one major measure of economic growth?
Per Capita Real GDP
What is a period of economic growth as measured by a rise in real GDP called?
An expansion
What is a steady long term increase in real GDP referred to as?
Economic Growth
What shows if a country is richer or poor?
A country is considered richer if it has a high GDP per capita, strong economic growth, low levels of poverty and inequality, and a high standard of living. Conversely, a country is considered poorer if it has a low GDP per capita, limited economic opportunities, high poverty rates, and low standards of living.
