Gross domestic product (GDP) is what economists consider to be the most complete and accurate measure of the aggregate economy
This is further explained below.
<h3>What is
Gross domestic product (GDP)?</h3>
Generally, In contrast to private rights, which are held exclusively by individuals, public rights in the United States are held by governmental bodies, which are also responsible for protecting these rights.
In conclusion, The gross domestic product (GDP) is the economic indicator that most economists agree provides the most comprehensive and reliable picture of the whole economy.
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Answer:
Because living in Urban Areas tend to promote individuality.
Explanation:
According to Georg Simmel, the lifestyle that exist in Urban Area tend to force the people who live there to be more independent and individualistic. Things such as competition in the work place, having to pay expensive bills, and very little time to socialize contributed to this situation. In order to survive in this environment, people tend to develop a calculative and rational approach before they make every actions.
Individuals who live in rural area do not experience similar problem. They tend to be older, work less, and have more time to get to know their neighbors. This is why on average they tend to be more sentimental compared to the people who live in Urban area.
The product of exposure, life experiences and learning of an individual
Answer:
An indifference curve describes how a consumer is indifferent to goods and services and its various combinations at a given total earnings. Demand and consumption forms the primary base of the indifference curve and the curve is usually drawn from the position of the customer involved.
PPC means production possibility curve and it helps in the enlightenment of the production possibilities of two different set of goods. Production, technology and available resources forms its primary base and the curve is usually drawn from the position of an economy in perspective.
