Examlex
Which of the following factors are considered by economists who study economic development to be directly related to the rate of economic growth?
Gross Domestic Product (GDP)
The nation’s expenditure on all the goods and services produced in the country during the year at market prices; represented by GDP.
Economics
The social science that studies the production, distribution, and consumption of goods and services, and how individuals, businesses, and governments make choices about allocating resources.
Investment
The act of allocating resources, usually money, into assets with the expectation of generating income or profit.
Gross Domestic Product (GDP)
The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period, serving as a comprehensive measure of overall domestic production.
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