Discuss whether GDP is always reliable and accurate in reflecting economic performance of a country. You are required to write an essay in approximately two pages.

Explain GDP in detail.  Asap

The table attached gives data on the production and prices in a small economy. Use 2012 as the base period. What does nominal GDP equal in 2012? What does nominal GDP equal in 2013? What does real GDP equal in 2013? Calculate the growth rate in real GDP from 2012-2013

how to compute for change in gdp

GDP is very widely used throughout the world as a measure of Economic health. Come up with your own example, either real or a scenario, that shows a flaw with using GDP as the only indicator of the well being of a society.

GDP = $3,10,000 is this really a number?

Define GDP and explain its components. How is GDP used as an indicator of economic health?

U.S. macroeconomic data are among the best in the world. Given what you learned in the Clear It Up "How do statisticians measure GDP?", does this surprise you, or does this simply reflect the complexity of a modern economy? Suppose GDP was modified to include the value - positive or negative - of changes in environmental quality. How could this be done accurately?

Is gross domestic product a reliable indicator of a nation's economic wealth? What might be a better indicator?

What is GDP (Gross Domestic Product), and how is it calculated?