Question.3212 - GROSS DOMESTIC PRODUCT (GDP)
Answer Below:
GDP xx the xxxx used xx refer xx the xxxxxxxx health xx a xxxxxxx as xxxx as xx measure xxx country xxx s xxxxxxxx of xxxxxx The xxxxxxxx value xx all xxx finished xxxxx and xxxxxxxx produced xxxxxx a xxxxxxx amp x borders xx a xxxxxxxx time xxxxxx though xxx is xxxxxxx calculated xx an xxxxxx basis xx includes xxx of xxxxxxx and xxxxxx consumption xxxxxxxxxx outlays xxxxxxxxxxx and xxxxxxx less xxxxxxx that xxxxx within x defined xxxxxxxxx GDP x G x NXwhere xxx quot x amp xxxx is xxxxx to xxx private xxxxxxxxxxx or xxxxxxxx spending xx a xxxxxx amp x economy xxx quot x amp xxxx is xxx sum xx government xxxxxxxx amp xxxx I xxx quot xx the xxx of xxx the xxxxxxx amp x businesses xxxxxxxx on xxxxxxx amp xxxx NX xxx quot xx the xxxxxx amp x total xxx exports xxxxxxxxxx as xxxxx exports xxxxx total xxxxxxx NX xxxxxxx - xxxxxxx Nominal xxxxx General xx is x GDP xx which xxxxxxxxx is xxx adjusted xxxx GDPIn xxxxxxx it xx a xxx in xxxxx inflation xx adjusted xxxx should xx use xxxx GDP xxxxxxx and xxxx is xxxxxxx GDP xxxx An xxxxxxxxx question xxxxxx when xxxxxxx or xxxx GDP xxxxxx be xxxx Nominal xxx determine xxx total xxxxx of xxx products xxx services xxxxxxxxxxxx in x country xxxxxx a xxxxxxxxxx year xxxxxxx when xxx wants xx compare xxx in xxx year xxxx past xxxxx to xxxxx trends xx economic xxxxxx real xxx is xxxx By xxxxxxxxxx since xxxx GDP xx calculated xxxxx prices xx a xxxxx amp xxxx base xxxx amp xxxx real xxx has xx meaning xx itself xxxxxx it xx compared xx GDP xx a xxxxxxxxx year xx index xxxxxx the xxx deflator xxx be xxxxxxxx by xxxxxxxx for xxxx year xxx nominal xxx by xxx real xxx It xxxxx an xxxxxxxxxx of xxx overall xxxxx of xxxxxxxxx or xxxxxxxxx in xxx economy xxxxxxxx If xxxx chosen xx the xxxx year xxxx real xxx for xx calculated xx taking xxx quantities xx all xxxxx and xxxxxxxx purchased xx and xxxxxxxxxxx them xx their xxxxxx The xxxxx chart xxxxx the xxxxx Domestic xxxxxxx of xxx from xxx Year xx YearMore Articles From Economics
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