3 Questions
Which component of GDP includes spending on new construction and spending on renovations?
Investment
If a country's GDP is increasing while its population is decreasing, what could this indicate?
Increased productivity and economic growth per person
What does Gross Domestic Product (GDP) measure?
The total value of goods and services produced within a country's borders in a specific time period
Test your knowledge on GDP components, including spending on new construction and renovations, and understand what GDP measures. Learn about the relationship between GDP growth and population changes.
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