how accurate are these different ways of measuring a country's economic performance
2006-11-15 03:50:56 · 5 answers · asked by paulina t 1 in Social Science ➔ Economics
GDP
Productivity
Employment
All three are not very accurate because they are hard to measure with the tools we have.
2006-11-15 04:16:02 · answer #1 · answered by ideogenetic 7 · 0⤊ 0⤋
Consumption+Investments+Government Spending+Savings=Gross National Product
+ Gross Exports= Net National Product
VERY VERY ACCURATE!!
2006-11-15 04:38:26 · answer #2 · answered by thewordofgodisjesus 5 · 0⤊ 0⤋
There are enough people in the Universities, who can crunch enough numbers with the Kray computers they get from Uncle Sam. GDP is the best way to know performance of an economy along with unemployment rate.
2006-11-15 07:39:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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2016-12-17 10:32:43 · answer #4 · answered by ? 3 · 0⤊ 0⤋
by the percentage of people that are well fed and clothed and housed and educated and healthy
2006-11-15 04:13:26 · answer #5 · answered by Anonymous · 0⤊ 0⤋