Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.
Sagot :
The increase in the real GDP would be $10 billion.
GDP measures the financial fee of very last items and offerings—this is, those that are bought with the aid of the final user—produced in a rustic in a given time frame (say a quarter or a year). It counts all of the output generated within the borders of a country.
Gross domestic product is an economic degree of the market value of all of the very last goods and services produced in a specific term by way of countries. Due to its complex and subjective nature, this degree is frequently revised before being considered a reliable indicator.
GDP can be calculated by adding up all of the cash spent by customers, groups, and the government in a given period. it can additionally be calculated with the aid of adding up all the cash obtained by using all of the participants inside the economy. In either case, the wide variety is an estimate of "nominal GDP."
Learn more about GDP here https://brainly.com/question/9775032
#SPJ4
We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.