Explain how economists use the measure “gross domestic product”

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17-04-2018
Business

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Explain how economists use the measure “gross domestic product”

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alyciagray98 alyciagray98 · Answer 1 · 2018-04-17T18:25:37+02:00

alyciagray98 alyciagray98

17-04-2018

The Gross Domestic Product measures the value of economic activity within a country. Strictly defined, GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time.

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