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Gross domestic product (GDP) refers to the market value of all officially recognized final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living;
GDP per capita is not a measure of personal income. See Standard of living and GDP.
It is not to be confused with Gross National Product (GNP) which allocates production based on ownership. Gross domestic product is related to national accounts, a subject in macroeconomics.
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How does a country's informal economy impact a country's gross domestic product?
A country's informal economy can significantly impact its gross domestic product (GDP) by contributing to overall economic activity that often goes unmeasured. While these informal sectors may enhance employment opportunities and provide services, their lack of regulation means they often evade taxation, leading to a potential underreporting of GDP figures. Additionally, the informal economy can create challenges for policymakers in terms of economic planning and resource allocation. Overall, while it may boost short-term economic activity, its unregulated nature can complicate long-term economic stability and growth.
Write short note on Domestic Income?
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Increased consumer spending will usually cause?
In the short run increased consumer spending causes an increase in Aggregate Demand and therefore an increase in both Real Gross Domestic Product and Price Levels. Also this generally means; inflation, decrease in unemployment, and growth, these can vary however, depending on where on the Aggregate Supply curve the AD curve is.
Write a short note on resources?
resources
Write a short note on minimum support price?
minimum
What is the meaning of GRP?
What I think is that G is the short latter of word Gross ,R i am not sure about it but P is Product ,,like GDP,,gross domestic prodect ,,
What has the author Daniel Grenouilleau written?
Daniel Grenouilleau has written: 'A sorted leading indicators dynamic (SLID) factor model for short-run euro-area GDP forecasting' -- subject(s): Gross national product, Gross domestic product, National income, Gross state product
How does a country's informal economy impact a country's gross domestic product?
A country's informal economy can significantly impact its gross domestic product (GDP) by contributing to overall economic activity that often goes unmeasured. While these informal sectors may enhance employment opportunities and provide services, their lack of regulation means they often evade taxation, leading to a potential underreporting of GDP figures. Additionally, the informal economy can create challenges for policymakers in terms of economic planning and resource allocation. Overall, while it may boost short-term economic activity, its unregulated nature can complicate long-term economic stability and growth.
Why is real gross domestic product used to determine if the economy is in recession why not use unemployment figures?
Real gross domestic product (GDP) is used to determine if the economy is in recession because it reflects the total economic output, adjusting for inflation, and provides a comprehensive measure of economic activity. A recession is typically defined as two consecutive quarters of negative real GDP growth, indicating a sustained decline in economic performance. Unemployment figures, while important, can lag behind economic changes and may not capture short-term fluctuations in output, making real GDP a more immediate and reliable indicator of overall economic health.
Write short note on Domestic Income?
WikiAnswers will not do your homework for you. Nor will it write your discussion paper, critiques or essays. That is considered cheating. If you have a specific question in the subject we are more than willing to help.
Increased consumer spending will usually cause?
In the short run increased consumer spending causes an increase in Aggregate Demand and therefore an increase in both Real Gross Domestic Product and Price Levels. Also this generally means; inflation, decrease in unemployment, and growth, these can vary however, depending on where on the Aggregate Supply curve the AD curve is.
What is the conclusion when we promoting domestic tourism?
WikiAnswers cannot write your conclusion for you. The conclusion is based on what you have already said in your essay or speech, therefore only you can write it. You need to give a short summary of what you've said, and that's your conclusion.
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write a short note on inscriptions
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british short hair is the name
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Anyone who can write can write a short story! Short stories are defined as between 2,000 and 7,500 words long. Go for it!
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Write short notes on Registers.
Write a short note of west Bengal?
write a short note of west Bengal
