Answered

Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

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

#SPJ1

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.