GDP (Gross Domestic Product) is a fundamental measure used in economics to assess the overall economic health and performance of a country or region. It represents the total monetary value of all goods and services produced within a specific geographic area during a given period, typically a quarter or a year.
3. TABLE OF CONTENTS
INTRODUCTION 01
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DEFINITION 02
COMPONENTS OF GDP 03
GDP and ECOMONICS
GROWTH 04
FACTOR THAT AFFECT
ECONOMICS GROWTH 05
POLICIES TO PROMOTE
ECONOMICS GROWTH
06
BENEFITS OF
ECOMONICS GROWTH
07
CHALENGES OF
ECONOMICS GROWTH
08
CONCLUSION
09
REFERENCES
10
6. Components of GDP
 Consumption
 Investment
 Government Expenditure
 Net Exports
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7. GDP and Economics Growth
 GDP is an important measure of economic activity and
growth.
 Higher GDP generally implies a higher standard of
living.
 Economic growth is measured by changes in GDP.
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8. Factor that Affect Economics Growth
 Population growth
 Productivity
 Savings and Investment
 Technological innovation
 Trade openness
 Political stability
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9. Policies to Promote Economics Growth
 Remove trade barriers
 Increase investment
 Increase productivity
 Increase savings
 Enhance education and training
 Promote technology and innovation
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11. Challenges of Economics Growth
 Increased inequality
 Environmental degradation
 Pressure on resources
 Inflation
 Social and political instability
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12. Conclusion
GDP and economic growth are important measures of economic activity. They
are affected by a wide range of factors, including population growth,
productivity, savings and investment, and trade openness. Policies such as fiscal
and monetary policy can be used to promote economic growth.
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13. Referrences
 Investopedia. (2021). Gross domestic product (GDP).Retrieved from
https://www.Investopedia.Com/terms/g/gdp.Asp
 Investopedia. (2021). Economic growth. Retrieved from
https://www.Investopedia.Com/terms/e/economicgrowth.Asp
 Investopedia. (2021). Phillips curve. Retrieved from
https://www.Investopedia.Com/terms/p/phillipscurve.Asp
 Investopedia. (2021). Business cycle. Retrieved from
https://www.Investopedia.Com/terms/b/businesscycle.Asp
 Investopedia. (2021). Fiscal policy. Retrieved from
https://www.Investopedia.Com/terms/f/fiscalpolicy.Asp
 Investopedia. (2021). Monetary policy. Retrieved from
https://www.Investopedia.Com/terms/m/monetarypolicy.Asp
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