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Economic Growth (Measures of development - HDI and others (Human…

- - - - GDP is defined as the total of all economic activity in an economy regardless of who owns the productive assets.
      - GDP (Gross Domestic Product) is a measure of national income / national output and national expenditure produce in a particular country.
    - - useful measure of how the economy is performing relative to its capacity constraints and its use of resources
    - - measures output from the citizens and companies of a particular nation, regardless of whether they are located within its boundaries or overseas.
    - - GNP = GDP + Net property income from abroad. This net income from abroad includes, dividends , interest and profit.