Question

1. What does Gross Domestic Product mean?

2. The______ a country's GDP, the better the country's standard of living.
3. What are 4 factors that lead to a countrys economic growth?​

Answer 1

1. The total value of goods produced and services provided in a country during one year.

2.Real GDP is a better measure of the standard of living than nominal GDP.

3.four broad types: land, labor, capital, and entrepreneurship. The factors of production are the resources used in creating or manufacturing a good or service in an economy.

Step-by-step explanation: