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Find the GDP data of a country within five years, and analyze the reasons for its growth and decline

Sagot :

michell96

The GDP of the United States shows sustained growth which translates into economic development. However, in 2020 it decreased due to the pandemic.

What is GDP?

The gross domestic product (GDP) is a term used in economics to refer to the macroeconomic magnitude that expresses the monetary value of the production of final demand goods and services of a country or region during a given period, usually one year.

Let's analyze the GDP of the United States

  • 2016 - 18.6 billion dollars.
  • 2017 - 19.5 billion dollars.
  • 2018 - 20.6 billion dollars.
  • 2019 - 21.4 billion dollars.
  • 2020 - 20.9 billion dollars.

According to the above information, it can be inferred that the United States has a high GDP as a result of its high industrialization and economic strength, however, in 2020 there was a decrease as a result of the pandemic.

Learn more about GDP in: https://brainly.com/question/15899184

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