Explore BrainMass
Share

Explore BrainMass

    Gross Domestic Product and Importance for National Economies

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

    What is Gross Domestic Product, and why is it important for national economies?

    © BrainMass Inc. brainmass.com October 10, 2019, 4:24 am ad1c9bdddf
    https://brainmass.com/economics/income-distribution/gross-domestic-product-and-importance-for-national-economies-459128

    Solution Preview

    SHORT ANSWER: What is Gross Domestic Product, and why is it important for national economies?

    As per investopedia, "GDP represents the total dollar value of all goods and services produced over a specific time period." As per investorwords.com, GDP is the "total market value of all ...

    $2.19