Why Is It Important?
• Economists trach the GDP to understand how an economy is performing: growing, stable or shrinking.
• A rising GDP usually means more jobs, higher incomes and stronger national prosperity.
18
315 reads
CURATED FROM
IDEAS CURATED BY
Economics and politics student from Germany. Interested in a broad field of topics and trying to easily break down topics from his studies to everyone.
In this Mini-Series, we will talk about the key concepts of macroeconomics. I will shortly explain each concept in a respective post. This is part 1 of 5, covering the GDP (Gross Domestic Product).
“
Similar ideas to Why Is It Important?
Gross Domestic Product (GDP)
- This is the most basic indicator of the overall market value of a nation's finished domestic goods and services and the country's health and size.
- There are two types of GDP: real and nominal. The...
Economic rationality
We usually think about rationality as being sensible or reasonable. For economists, rationality means when you make a choice, you will choose the thing you like best. Economic rationality accepts that people will act in a relatively predictable way.
Economists use thi...
Why is listening important?
Being a good listener makes you an even better communicator.
Listening is not only a learning opportunity for you, but it is also one of the fastest and easiest way of making friends & building your network. As human beings we are social creatures & by actively li...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates