Question

Which is the best measure of economic growth of a country?

• A. GNP
• B. GDP
• C. Net Revenue
• D. Net worth

Answer 1

Answer:

B. GDP

• The best quantity of economists and policy makers are usually calculated by the best quantity of economists and policy makers in the GDP (Gross Domestic PRODUCT - GDP)

• Gross Domestic Product (Gross Domestic PRODUCT - GDP) is the most important indicator of measuring the economic activities of a country.

• It is the total monetary value of all final goods and services that produce within a fixed time period of time (usually a year or a fence).

The GDP has three main approaches:

• Cost Approach (Expenditure Approach) - GDP is estimated on the basis of the amount spent in a country. In this mainly consumer expenses (Consumption and C), investment (INVESTMENT - I), government expenditures include Government Spending - G), net exports - NX).

• Gdp = c + + + + nx

• Income Approach (Income Approach) - GDP is calculated by adding all the earnings in production within a country. This includes salaries, rent, interest and profits.

• Meductiontion / output Approach) - This adds the total value of goods and services produced in various economic areas (agricultural, industry, industry, industry, industry, industry, industry, industry, industry, industry, industry, and services). Only the value added to each stage (Value Added) it only helps to avoid counting twice the final product.