Jaeagbay4029 Jaeagbay4029
  • 22-10-2020
  • Geography
contestada

Reflect upon how an economy is measured then explain important aspects that are not addressed in the statistics.​

Respuesta :

bratislava bratislava
  • 24-10-2020

Answer:

GDP, PPP, Income status and standards of living.

Explanation:

  • The economy of a nation is measured in terms of the Gross Domestic Production and that states the values of all goods and services in the nation in that given year.
  • Other measures like the PPP and power to purchase that are seen by the income levels, measures like the standards of living and investment along with the expenditures of government.
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