Explore BrainMass

Gross Domestic Product and Recession

Homework help from our online tutors - BrainMass.com

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 September 18, 2018, 9:31 am ad1c9bdddf

Solution Preview

Dear Student,

Thank you for using BM.
Below are my 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.