Why do economists measure the gross domestic product

Asked by maham237 @ 09/01/2021 in English viewed by 284 People

Why do economists calculate the Gross Domestic Product of each country?
A) to figure out the average income of citizens

B) to determine the well-being and wealth of nations

C) to compare sizes of each country

D) to determine political stability

Answered by maham237 @ 09/01/2021

Good morning

The answer is B

To determine the well-being and wealth of nations

I hope that's help ! Happy Sunday :)

Economists use gross national product (gnp) to measure

Asked by maham237 @ 28/11/2020 in Business viewed by 386 persons

economic output within a nation, regardless of ownership. the output of foreign-owned businesses within a nation. the output of a nation’s citizens, regardless of where they are. any business activity …

National income is derived from gross domestic product by subtracting

Asked by admin @ 07/11/2021 in Business viewed by 300 persons

To derive net domestic product (ndp) from gross domestic product (gdp), we must subtract ________________ from gdp.

How does a high gross domestic product affect health care

Asked by admin @ 05/11/2021 in Geography viewed by 293 persons

How does a high gross domestic product (GDP) affect health care?

Purchasing power parity is used to compare the gross domestic product between

Asked by wiki @ 31/10/2020 in Business viewed by 288 persons

businesses. consumers. stock markets. countries.

The higher a country's gross domestic product (gdp), the more likely it is that the country

Asked by maham237 @ 28/11/2020 in History viewed by 286 persons

6 7 The higher a country's gross domestic product (GDP), the more likely it is that the country is wealthy is developed has high inflation. has little debt.

An increase in gross domestic product (gdp) is a sign that a country’s economy is

Asked by maham237 @ 22/12/2020 in History viewed by 367 persons

An increase in gross domestic product (GDP) is a sign that a country’s economy is declining. stagnant. growing. depressed.

Math practice for economics computing per capita gross domestic product

Asked by admin @ 29/10/2021 in Mathematics viewed by 315 persons

how is per capita gross domestic product calculated "total market value of goods and services produced within a year divided by total population"?

Which of the following is a partial measure of productivity

Asked by admin @ 03/12/2021 in Business viewed by 362 persons

What is a partial measure of productivity?

Contribution of agriculture to gross national product is approximately

Asked by admin @ 17/08/2021 in Economy viewed by 356 persons

Contribution of agriculture to Gross National Product is approximately ? A. 0.14 B. 0.15 C. 0.165 D. 0.175

Use gross national product in a sentence

Asked by maham237 @ 09/01/2021 in Mathematics viewed by 278 persons

Select the correct text in the passage. Which sentence indicates how mixed income is measured in the GDP? Gross domestic product (GDP) does not include the income received by other …

How to measure the rate of photosynthesis by oxygen production

Asked by admin @ 05/11/2021 in Biology viewed by 277 persons

Which of the following can be used to measure the rate of photosynthesis? (Hint: What are the bubbles?) a) Light intensity (%) b) Oxygen production (mL/hr) c) Temperature

The _ is the gross national product minus the _

Asked by admin @ 28/10/2021 in Business viewed by 255 persons

Gross national product is ______. A. the sum of wages, interest, rent, and profit B. the income received by households minus personal income taxes paid C. the market value of …

The industrial revolution domestic system vs factory system of production

Asked by admin @ 07/08/2021 in History viewed by 289 persons

Difference between domestic system and factory system

Which are indicators that economists use to measure how an economy grows? select all that apply.

Asked by wiki @ 31/10/2020 in History viewed by 416 persons

monitoring election results measuring how much the economy produces monitoring the popularity of different music groups studying the economy of another country tracking the unemployment rate

Gni ppp, or gross national income divided by purchasing power parity, helps measure:

Asked by wiki @ 29/10/2020 in Business viewed by 327 persons

GNI PPP, or gross national income divided by purchasing power parity, helps measure: Group of answer choices The standard of living in a country. The average global interest rates for …