Did GDP increase or decrease in the second quarter of 2018? By how much did it increase or decrease?

Question

Social Studies

Claudia Dorsey

21 July, 05:10

Did GDP increase or decrease in the second quarter of 2018? By how much did it increase or decrease?

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Answers (2)

Know the Answer?

Kole Brock · Answer 1

Yeah it did rise.

The new figures showed that GDP still rose 2.9%.

Explanation:

Gross Domestic Product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes.

Current-dollar GDP increased 5.2 percent, or $1.02 trillion, in 2018 to a level of $20.50 trillion, compared with an increase of 4.2 percent, or $778.2 billion, in 2017 (table 1 and table.

In 2018, the nominal world GDP was $84,835.46 billion in 2018, and it's projected to be $88,081.13 billion in 2019. In 2018, the growth rate for the world GDP was 3.6%

Saniya Parrish · Answer 2

Answer: GDP increased by 4.2 percent.

Explanation: plato