Answer to Question #140248 in Macroeconomics for zuan

Question

What are the two (2) assumptions when GDP increasing over the years?

Answer 1

The assumption when the GDP increase through out the year are:

1. There is economic growth. The GDP is one of the measures that are used to measure growth of a country. An increase in GDP shows economic growth.
2. There is an increase in the living standards of a country compared to the nataion whose their GDP has decreased.