Gross domestic product, Managerial Economics

Gross Domestic Product

A measure of national economic activity, GDP is measured from two approaches. GDP can be viewed as the total value of all goods and services produced in the United States, or as the total value of all payments made to produce all American goods and services. Other measures of GDP exist that take into account inflation factors, so that the adjusted GDP is a more accurate representation of economic activity in the United States in original dollars.

Posted Date: 10/17/2012 3:14:54 AM | Location : United States







Related Discussions:- Gross domestic product, Assignment Help, Ask Question on Gross domestic product, Get Answer, Expert's Help, Gross domestic product Discussions

Write discussion on Gross domestic product
Your posts are moderated
Related Questions
Analyse The Method By Which a Firm Can Allocate The Given Advertising Budget Between Different Media Of Advertisement

what is the uses of production functns?

Describe the Status goods of law of demand The law doesn't concern the commodities that function as a 'status symbol', add to the social status or exhibit prosperity and opulen

MONOPOLISTIC PRACTICES The following practices may be said to characterize monopolies. Exclusive dealing to supply and collective boycott Producers agree to supply onl

Explain about Pragmatic Managerial economics is pragmatic. In pure micro-economic theory, analysis is performed based on certain exceptions that are far from reality. Though in

Types of Income Elasticity of demand Depending upon the product, demand might increase or decrease in response to a rise in income.  There are thus five types of income Elasti

The economic cost Unemployment represents a terrible waste of resources and means that the economy is producing a lower rate of output than it could do if there were full empl

isoquant and its properties

Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#

Macro-economic policy objectives The major macro-economic policy objectives which the governments strive to achieve are: i. Full employment One of the main objectives