So government can change because new people get elected,new ideas are enforced,and the performance that each person or everybody forms.
Answer:
Yeah it did rise .
The new figures showed that GDP still rose 2.9% .
Explanation:
Gross Domestic Product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes.
Current-dollar GDP increased 5.2 percent, or $1.02 trillion, in 2018 to a level of $20.50 trillion, compared with an increase of 4.2 percent, or $778.2 billion, in 2017 (table 1 and table .
In 2018, the nominal world GDP was $84,835.46 billion in 2018, and it's projected to be $88,081.13 billion in 2019. In 2018, the growth rate for the world GDP was 3.6%
<span>A prolonged economic contraction that is not especially long or severe is called recession.
</span><span>When there is a significant decline in activity across the economy and this is lasting longer than a few months then we have recession.
</span><span>Recession is characterized with the following:
</span>drop in the following five economic indicators: real GDP, income, employment, manufacturing and retail sales<span>.</span>
