Analysis of the reasons why GDP changes
Gross Domestic Product quantifies the goods and services produced and sold in an economy. In other words, it is the measurement of the market value of the final output in native currency produced within a country over a period. We get a picture of the economic production, activity, and standard of living for a particular year of that nation. It is an indicator that defines the size or growth of the economy. Policymakers make plans to check and forecast future economic conditions depending on GDP value.
Factors Affecting GDP
Government expenditure/ spending
The root cause analysis of this fishbone template is significant due to its unique topic. This template describes most of the vital factors that affect the GDP of any nation or province. GDP is a standard and helpful tool for measuring the domestic product, services, and goods. Many vital decisions and policies of an economy depend on this evaluation.
Curated from community experience and public sources: