how gdp is useful for a country.list 5 point
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Gross domestic product is the best way to measure a country's economy.
GDP is the total value of everything produced by all the people and companies in the country.
It doesn't matter if they are citizens or foreign-owned companies.
If they are located within the country's boundaries, the government counts their production as GDP.
To calculate GDP of a country
personal consumption expenditurs+
government spendings+
exports-imports
GDP is the total value of everything produced by all the people and companies in the country.
It doesn't matter if they are citizens or foreign-owned companies.
If they are located within the country's boundaries, the government counts their production as GDP.
To calculate GDP of a country
personal consumption expenditurs+
government spendings+
exports-imports
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It represents the value of all goods and services produced over a specific time period within a country's borders. Economists can use GDP to determine whether an economy is growing or experiencing a recession. Investors can use GDP to make investments decisions—a bad economy means lower earnings and lower stock prices.
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