GROSS DOMESTIC PRODUCT

What can be done to Increase the Gross Domestic Product (GDP)?

What can be done to Increase the Gross Domestic Product (GDP)?

Introduction

The gross domestic product (GDP) is the market value of all the final goods and services produced in a country in a given period. As early as the 19th century, the need to compile information on the evolution of an economy over time prompted economists to develop aggregate calculations of a country's total production. This paper discusses what can be done to Increase the Gross Domestic Product (GDP)?

Discussion

Blanchard (2003) mentions the most common measure of economic activity ...