Answer to Question #140248 in Macroeconomics for zuan

Question #140248
What are the two (2) assumptions when GDP increasing over the years?
1
Expert's answer
2020-10-27T08:13:49-0400

The assumption when the GDP increase through out the year are:

  1. There is economic growth. The GDP is one of the measures that are used to measure growth of a country. An increase in GDP shows economic growth.
  2. There is an increase in the living standards of a country compared to the nataion whose their GDP has decreased.

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