Explore BrainMass
Share

Gross Domestic Product and Recession

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

What is "Gross Domestic Product" (GDP), and how is it determined each month? What does the term "Recession" mean and how do we know when one occurs? How does government intervene to move the economy out of a recession?

© BrainMass Inc. brainmass.com October 25, 2018, 1:37 am ad1c9bdddf
https://brainmass.com/economics/employment/gross-domestic-product-and-recession-269037

Solution Preview

Dear Student,

Thank you for using BM.
Below are my answers.

ANSWERS

GDP is the measure of the goods and services produced within a country's borders and it is determined each month by using either of two approaches: income and expenditure approach. The income ...

Solution Summary

Gross Domestic Product and Recession are exemplified.

$2.19
See Also This Related BrainMass Solution

Impact of real gross domestic product (GDP) on the airline industry

Need an explanation and example of the impact of the real gross domestic product (GDP) on the airline industry.

View Full Posting Details