How can the amount of resources in a country can impact its gross domestic product

2 answers:

8 0

Answer:The GDP of a country tends to increase when the total value of goods and ... held constant from year to year in order to separate out the impact

Explanation:

victus00 [196]3 years ago

4 0

Answer:

Gross domestic product (GDP)measures the total output of an entire economy by adding up total consumption, investment, government expenditure, and net exports. GDP is therefore considered a quality approximation of income for an entire economy in a given period.

Per capita GDP is calculated by dividing total GDP by a country's population, and this figure is frequently cited when assessing the standard of living. There are a number of adjustments to GDP used by economists to improve the explanatory power of the statistic, and economists have also developed a number of alternative metrics to measure the standard of living.

Explanation:

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