1. Please define GDP using your own description!

Answer:

Gross Domestic Product (GDP) is the total monetary or market value of all the
finished goods and services produced within a country's borders in a specific time
period. As a broad measure of overall domestic production, it functions as a
comprehensive scorecard of the country’s economic health.
Though GDP is usually calculated on an annual basis, it can be calculated on a
quarterly basis as well. In the United States, for example, the government releases
an annualized GDP estimate for each quarter and also for an entire year. Most of the
individual data sets will also be given in real terms, meaning that the data is adjusted
for price changes, and is, therefore, net of inflation.

2. How can GDP be used as a measure to tell the welfare of a country?

Answer :

If the government wants to know the level of prosperity of a country's people, the
government of a country will calculate the national income. Knowing the level of prosperity
can make the country's government obtain other information that affects the economic level,
such as: the quality of life of the people, as well as the standard of living that applies in the
environment that community. After calculating the national income, the government of a
country will immediately know how the level of prosperity of its people. This will certainly
help the country's government, especially when evaluating later. The evaluations carried out
usually involve economic policies that they have carried out so far. The results of the
calculation of national income will show a graph of changes in a country's economy from
time to time. That is why the government can see economic changes in the country with

3. Indonesia’s GDP is now the highest in South East Asia. How can the government
manage the growth of our GDP for the improvement of standard of living of our
people?

Answer :

    What does the government do is balancing consumption and government spending, increasing
the investment and net export. Government take care of the investment with make relation with
other country such as China, Japan, South Korea and so on in infrastructure or manufacture line.
And also government keep up and push the export business so our local product can be accepted
wider in so many country in the world.

1. Silakan tentukan PDB menggunakan deskripsi Anda sendiri!

2. Bagaimana PDB dapat digunakan sebagai ukuran untuk memberi tahu kesejahteraan suatu
negara?
3. PDB Indonesia sekarang adalah yang tertinggi di Asia Tenggara. Bagaimana pemerintah dapat
mengelola pertumbuhan PDB kita untuk peningkatan standar kehidupan rakyat kita?