QUESTION 2 Economic growth of a country is measured by GDP (gross domestic product). (a) Show the simple formula for GDP

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

QUESTION 2 Economic growth of a country is measured by GDP (gross domestic product). (a) Show the simple formula for GDP

Post by answerhappygod »

QUESTION 2
Economic growth of a country is measured by GDP (gross domesticproduct).
(a) Show the simple formula for GDP using the expenditure approach.(4)
(b) Explain your understanding of the supply factors of economicgrowth. (12)
(c) Name the main factors (or problems) that influence the economicdevelopment of a country. (4)
[20]
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”