GDP Economic Product | Finance Dissertations
Introduction Real GDP is measure to assess changes in economic welfare over time, to make international comparison of GDP, and for business cycle assessment and forecasting. (Parkin et al 2000). The gross national product (now measured as GDP) was introduced during World War II as a measure of wartime production capacity. Now it is commonly used worldwide as indicator of economic progress (https://www.redefiningprogress.org cited on 1st June 2008). GDP is not accounting Household production, Quality improvement, the underground economy, Health […]
