What is GDP and Why Does it Matter?

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What is GDP and Why Does it Matter?

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  • This paper analyzes the following statement: “Nominal GDP is the dollar value of the goods and services produced in a time period, which depends on the volume of what was produced and the prices of what was produced. Real GDP captures only the volume of what was produced.”
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What is GDP and Why Does it Matter?

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Plagiarism Free Article!

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Sample Text From This Article

“An increase in real GDP signifies that the overall economy is performing well – in broader terms. If real GDP is growing strong, employment is probably increasing as companies hire more employees, and as a result, individuals have more money in their bank accounts.”

Meta Description for this Article

“GDP is important as it provides information about the size of an economy and how an economy is performing. In addition, the real GDP growth rate is often used to indicate the economy’s general health.”

  • 35 words used
  • 199 characters used (with spaces)

Meta Description – HTML code:

<meta name=”description” content=”GDP is important as it provides information about the size of an economy and how an economy is performing. In addition, the real GDP growth rate is often used to indicate the economy’s general health.”/>

Keywords & Frequency Used for this Article

Frequency – (Percentage used within Article) – Keyword

28  (8%)  GDP
7  (2%)  value
7  (2%)  output
6  (2%)  all
6  (2%)  production
5  (1%)  economic
5  (1%)  economy
5  (1%)  country’s
5  (1%)  services
5  (1%)  general

Article Writing Brief - 'What is GDP and Why Does it Matter?'

This paper analyzes the following statement:

“Nominal GDP is the dollar value of the goods and services produced in a time period, which depends on the volume of what was produced and the prices of what was produced. Real GDP captures only the volume of what was produced.”

Referencing Used

The Referencing style used with this article:

  1. Minimum 4 x credible, peer-reviewed articles and respected websites
  2. 1 x free/ full rights image courtesy of freepik
  3. A separate, formatted Reference section is at the end of the article

Extra Article Info - 'What is GDP and Why Does it Matter?'

  • Please Note: the sales price listed above is in AUD – Australian Dollars
  • English (United States) was the dictionary language used in MS Word
  • 660-word article (this word count excludes: headers, footers, meta description, and the entire reference section)
  • PDF + DOCX + TXT file format types available
  • 6 x A4 sized pages in length + free rights image from freepik
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