ECONOMICS

Gross Domestic Product



Gross Domestic Product

Introduction

This paper particularly focuses on the economic phenomenon that is Gross Domestic Product which is important to study as various factors are the constituent of GDP that include price of currency, balance of trade, and balance in the federal budget that include fiscal policy of the country. Gross Domestic Product is a proxy indicator, helps to measure the decline or growth of production of services and goods. This indicator is a reflection of the competitiveness of a country in comparison to other countries, which make its impacts on the economic performance of the country.

Discussion

Gross Domestic ...