What is GDP, Inflation and other economic indicators?

[tyrim88]

GDP or Gross Domestic Product is the indicator that shows how much a certain country earned in one year. The country's earnings will be calculated based on the value of total production (industry, agriculture, etc,) and other revenue sources (tourism, tax, customs, etc,).

GDP is actually an indicator that shows how the economy of a country is doing be comparing the local good and service produce or offered within a particular period in a country as compared to what they import from outside.

 

[Bookwormlux1]

Inflation is usually a period of time where prices of goods usually sky rocket in price and go higher than normal. It is a season where a lot of people usually do not want because they spend so much that normal

 

[Shigobad20201]

Inflation is usually a period of time where prices of goods usually sky rocket in price and go higher than normal. It is a season where a lot of people usually do not want because they spend so much that normal

During inflation , the normal price of good and services will skyrocketed than normal and there won't be enough money out there to buy the goods and its already happening again in my country.

 

[Bookwormlux1]

During inflation , the normal price of good and services will skyrocketed than normal and there won't be enough money out there to buy the goods and its already happening again in my country.

I really do not understand why the inflation keeps coming every now and then, as though there are no steps put in place to eliminate it completely so that things can go on normally.

 

[Setho]

The gross domestic production is one of the key performance indicators of the economy in every country. One of the good things about it is that it can be able to show you your dependency on the importation of products over local production.

 

[joy101]

GDP is gross domestic product in economic and also use to measure the economic in the country, economic is the tool which to determine to show you the dependency.

 

[Shigobad20201]

The gross domestic production is one of the key performance indicators of the economy in every country. One of the good things about it is that it can be able to show you your dependency on the importation of products over local production.

The GDP means the gross domestic production and still remains one of the key indicators of all the economy in the world and in each country , and it shows the advantage of imported product over the local product

 

[Setho]

They are very important criteria in measuring the economic situations of a country. The gross domestic production is evaluation of everything that has been produced in that country in the past year.

 

[Syldan]

Actually GDP means gross domestic product. A total production of goods and services with the country at a particular time. Inflation is the instability in the value of goods and services in the country within a period of time.

 

[zelalem]

first GDP is the monetary value of all finished goods and services produced in a country in a given period. so we now the indicators of how we differentiate our commodity market from other commodities because we are not comparative with other business.

 

[tyrim88]

Country GDP gross domestic production and the total amount of money that was realised from the sale of products which two countries produced.
Inflation is the decline of the purchasing power of normally a particular currency and it is usually very slow and steady.

And also Gdp entails the total amount of goods and the associated services that a country carries out in a particular fiscal year,compared to the total goods that comes into the country.A good GDP shows that a country produces all that he needs.