gdp per capita

gdp per capita

In a carefully written paper, complete the following:

List the four components of Gross Domestic Product(GDP) and provide an example of each.
Explain how each item affects you and the way that you live today
Adhere to the following standards:

Your paper should be two or three pages in length, not including the title or references pages.
APA format-2 references

Solution Preview

Gross Domestic Product
Components of GDP
GDP is the total annual economic output of a country. GDP is composed of four components. One of the elements of GDP is consumption (Jain, 2019). Consumption involves good and services a country consumes. Goods can either be durable or non-durable. An excellent example of durable good is furniture.

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