Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
What is GDP?
I would like it for someone who doesn't understand economy at all. Please help
3 Answers
- KherovaLv 77 years agoFavorite Answer
Well explain it like: "Image we are trying to assess how much Bob is worth. Now we could just go by how much Bob has in the bank, but if he only has $1000 bucks in the bank, but is a famous painter with 5 pieces worth a half a mil each, then it doesn't do much good to say Bob isn't worth much. Well if we are trying to assess how much a country is worth, we could go by what is in the bank, but a better way is to look at the value of the things it produces to. All the things a country produces has value, and that is GDP."
- samuelLv 47 years ago
Gross Domestic Product. The goods and services that are associated within that state's/nation in a monetary value.?
- Anonymous7 years ago
Grade Deficiency program. It is used for people that lack common knowledge and basic studies. It helps those people to succeed and prosper the economy as janitors