Gross domestic product


The meaning of the word Gross domestic product is: the monetary value of all the finished goods and services produced that is used to gauge the health of a country’s economy


Examples:

If gross domestic product is rising, our economy is in good shape because our goods and services are becoming worth more money.

published by Lesia on 2021-12-15 05:59:03


Economists suggest that a falling gross domestic product means economic trouble because the country’s goods and services are losing economic value.

published by Sheridan on 2021-04-20 01:53:55


Agriculture accounts for more than fifty percent of the U.S.’s gross domestic product.

published by Vickey on 2021-02-21 15:11:30


Tara’s economy teacher explained that gross domestic product is the total value of everything produced by people and companies in a country.

published by Stanley on 2021-02-25 03:37:50


Gross domestic product is a good way to measure a country’s standard of living, since it can tell the average monetary value of all products and services per person.

published by Bettie on 2021-06-09 22:29:05


Send an example:

Email:
Name:
Example: