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tekilochka [14]
3 years ago
8

GDP calculates the value of the overall economy on a ______ basis monthly daily yearly quartly

History
1 answer:
Galina-37 [17]3 years ago
5 0
GDP calculates the value of the overall economy on a yearly basis. The definition of GDP is a measure of the size of the economy and is also recognized as "the aggregate measure of production equal to the sum of the gross values added of all resident, institutional units engaged in production ." It is usually used to calculate the economic performance of a whole country or region, but can also be used to calculate the relative contribution of an industry sector.
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<u>Further Explanation:- </u>

<u>The Great Depression is considered the worst economic shutdown in the history of the United States. This economic decline started in the year 1929 and went on to the later stages of the 1930s.</u> The Crash of the Stock Market was the reason which brought this great depression. By the year 1933, there were around 25% of people in the United States were unemployed and the majority of banks in the United States went out of Business.

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<u> </u>

Answer details:

Grade – High School

Subject – History

Chapter – Early depression  

Keywords –Economical depression, Great Depression, The United States, Farmers, Crops, Corns, Coal, Texas, Oklahoma, Kansas.

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