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Economists use real GDP per capita rather than simply real GDP. This is because population growth is an important variable (per capita), and so, real GDP per capita is the more accurate measurement of the GDP.
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∙ 12y ago
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∙ 8y agoEconomists measure the gross domestic product to see how much economic activity there is in a particular country.
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∙ 12y agoGross domestic product (GDP) is important as an economic indicator of a region. GDP measures the total level of economic output. It allows for comparison of economic strength, growth, and specialisation of regions.
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∙ 14y agoGNP is an alternative term for national income. It is the key-measure of the overall performance of the national economy i.e, total output in different sectors of the economy.
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What is the best measure of Ghana's economic activities on Gross domestic product or Gross national product Explain?
Gross domestic product measure the total output produced from within the countries boarders. Gross national product measures the output generated by a countries enterprises. The best way to measure Ghana's economic activities would be to use gross domestic product.
What type of measurement economic indicator is gross domestic product?
Gross domestic product (GDP) is a measure of total wealth in a given region.
Gross demestic product?
Gross Domestic Product is a basic measure of a country's overall economic performance.
What does Gross Domestc Poduct measure?
The Gross Domestic Product does measure the income or production of a given country.
What is a measure of the size of the national economy?
gross domestic product
What is the best measure of Ghana's economic activities on Gross domestic product or Gross national product Explain?
Gross domestic product measure the total output produced from within the countries boarders. Gross national product measures the output generated by a countries enterprises. The best way to measure Ghana's economic activities would be to use gross domestic product.
What type of measurement economic indicator is gross domestic product?
Gross domestic product (GDP) is a measure of total wealth in a given region.
Gross demestic product?
Gross Domestic Product is a basic measure of a country's overall economic performance.
What does Gross Domestc Poduct measure?
The Gross Domestic Product does measure the income or production of a given country.
What is the formula of gross domestic products?
Gross domestic product is the basic measure of a country's overall domestic product. and its formula is as follows: David Morson http://www.datadubai.com/
What is a measure of the size of the national economy?
gross domestic product
What is Economic growth is a measure of the increase in?
the gross domestic product.
What is the gross domestic product per capita?
Gross domestic product per capita is the measure of the total output of a country divided by the number of people in the country.
One way to measure the economy's size is the Gross Product?
domestic
The is measure of a country's total economic output?
gross domestic product
What does gross domestic product measure?
Is used to determine health or an economy.
What is one measure of how much value a nation's economy generates compared to the size of its population?
per capita gross domestic product
