Where does GPD go? And how is it estimated?
What is the purpose of discovering GPD?
- martyLv 74 months agoFavorite Answer
The GDP or gross domestic product of a country provides a measure of the monetary value of the goods and services that country produces in a specific year. This is an important statistic that indicates whether an economy is growing or contracting. In the United States, the government releases an annualized GDP estimate for each quarter and also for an entire year.
One way of arriving at the GDP of a country is to calculate the monies spent by the different groups that participate in the economy. For instance, consumers spend money to buy various goods and services, and businesses spend money as they invest in their business activities, by buying machinery, for instance. Governments also spend money. All these activities contribute to the GDP of a country.
- 2 months ago
So that we can help you with your homework.
- 4 months ago
That is all about energy conetnt
- GregLv 74 months ago
What is GPD? ..……..