Gross Domestic Product

The usual measure for production in an economy is called Gross Domestic Product or GDP.

This is a measurement of the production of goods and services at the final market price to consumers in a given time period. This is the measure of all the country’s output in a given time period.

GDP is an important indictor of an economy’s health. The rate of increase/ decrease in GDP over time shows the stage the country is at the business cycle.

Apr'18

What is Gross Domestic Product?

Business Tutor

What is Gross Domestic Product? What is Gross Domestic Product or GDP is a fundamental question for macroeconomics students. Gross Domestic Product or GDP is the the usual measure for production in an economy. GDP is a measurement for the production of goods and services at the final market price to …

Apr'18

Introductory Macroeconomics Questions and Answers

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These introductory macroeconomics questions and answers will direct you to more resources to help in your study of macroeconomics. Introductory Macroeconomics Questions and Answers Hopefully these introductory macroeconomics questions and answers have helped you understand this important topic.