Gross Domestic Product?
Can you guys tell me a few sentences on each of these? Thank You
-When it started
-Why we need to know GDP
-Recent trends of GDP
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Can you guys tell me a few sentences on each of these? Thank You
-When it started
-Why we need to know GDP
-Recent trends of GDP
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GDP is the total gross output in dollars of goods and services produced in the US every year. It is used to measure growth of the economy. The numbers are compiled by the government. Over the past 5 years the growth of GDP has been below average creating the sluggish economy.
The metric has been in use for many years.