Question
Economic growth has been measured using gross domestic product (GDP), gross domestic product per capita, etc. Using expenses approach to calculate GDP, the equation becomes:
Economic growth has been measured using gross domestic product (GDP), gross domestic product per capita, etc. Using expenses approach to calculate GDP, the equation becomes: GDP= C+I+G+(X-M), where C is private consumption, I is investment, G is Government expenditure, X is exports and M is import. During Corona Virus hard moments, it can be seen that all those variables included in calculation of GDP are concerned: decrease of consumption, investment, government expenditure, export and import. In such conditions, GDP will necessarily decrease as consequence of decline of its determinants. How economic growth can be boosted after covid'19?
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