The News about Gross Domestic Product in Malaysia

PETALING JAYA (June 25, 2013): Malaysia's gross domestic product (GDP) is expected to grow by 5.1% for both 2013 and 2014, driven by higher consumer and business spending, said a new World Bank report. Resilient domestic demand will allow the Malaysian economy to recover from a slow first quarter in 2013 of 4.1%, it added. According to the news article, Malaysias gross domestic product is expected to grow up by 5.1% in 2013 and 2014.When gross domestic product in the country is increase, the economic health in the country is good, as well as gauge a country standard of living style.

The above article is about gross domestic product. What is the gross domestic product?? Gross Domestic Product is the measure total market of all final goods and services produced within a country in a given period of time.

Besides that, Gross Domestic Product can determined in three ways,

all of which should, in principle, give the same result. They are output approach, the income approach and expenditure approach. In the real economy, the total output could be measured by summing the value added by every industry in the economies. Expenditure is the nesacarry to purchase the nations final goods.

Here, have some funny comies about GDP!