Question

Fed View History Bookmarks Develop Window Help W 10 CON 100 wa Dr. Chay do mandriani: U INQUIZITIVE Chapter 17 & 19: Behavioral Economics, Risk Taking, and Intro to Macroeconomics Page(s) 615-617 19.3. How is GDP computed? Fill in the blanks to complete the passage about GDP and economic health. Drag words) below to fill in the blankſt) in the passage Low GDP is not necessarily an indicator of an economy in poor health. For one thing a country may have a low GDP but a high For another thing, an economy with a low GDP but a strong is healthier than an economy with a comparable GDP that is stagnant or declining small inflation rate wealthy per capita GDP nominal GDP growth rate real GDP growth rate large MacBook Air

Answer 1

Low GDP is not necessarily an indicator of an economy in poor health. For one thing, a small country may have a low GDP but a high per capita GDP. For another thing, an economy with low GDP but a strong real GDP growth rate is healthier than an economy with an comparable GDP that is stagnant or declining.