Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions
Section: Chapter Questions
Problem 1WNG
Related questions
Question
If a country’s
the GDP simply 100%/10% = 10 years?
Expert Solution
Step 1
Gross domestic product estimates the financial worth of conclusive goods and services — that is, those that are purchased by the last client — created in a country in a given period of time (say a quarter or a year). It counts each of the result produced inside the boundaries of a country.
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