economics measuring economic growth

HideShow resource information
  • Created by: ishah
  • Created on: 10-05-13 20:52
View mindmap
  • measuring economic growth
    • increase value output G&S time period
    • more G&S to consume
    • GDP common
      • value of output produced in 1yr
    • inflation distorts GDP
      • nominal
      • REAL
    • comparing countries
      • GDP currency converted to $
    • limitations
      • comparing countries of diff' development
      • externalities
      • illegal transactions missed out
      • distribution of income

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all Macroeconomic indicators resources »