Author: Alpa Tarun Mohanty | Published on: 31 January, 2019 Page: 42-58
Abstract
This essay based on Michaele Parkin, Macroeconomics, 8th edition. Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.
Keywords
GDP; Economic Growth; Economic Welfare Comparisons; NDP; Capital and Investment; Goods and Services.
Cite this Article
Mohanty, A., T (2019), Measuring GDP and Economic Growth: An Economic Barometer. International Journal of Tax Economics and Management, 2(3), 42-58.
Mohanty, A., T (2019) "Measuring GDP and Economic Growth: An Economic Barometer", International Journal of Tax Economics and Management, 2(3), pp.42-58.
Mohanty, A., T. Measuring GDP and Economic Growth: An Economic Barometer. International Journal of Tax Economics and Management. 2019; 2(3): 42-58.
Appeared
Appeared
Mohanty, A., T. Measuring GDP and Economic Growth: An Economic Barometer. International Journal of Tax Economics and Management. 2019; 2(3): 42-58.
Mohanty, A., T. Measuring GDP and Economic Growth: An Economic Barometer. International Journal of Tax Economics and Management. 2019; 2(3): 42-58.
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Citation Format
AK., A. (2018), Sociologic Factors and Social Structure in Preparation of Tax Acts and The Assessment of Personal Income Tax in Terms Of Suitability to Social Structure. International Journal of Tax Economics and Management, 1(1), 22-36.