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The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.
What is GDP?
The gross domestic product stands as a monetary measurement of the market value of all the final goods and services produced in a distinctive period by countries. Due to its complex and subjective nature, this measure exists often revised before being deemed a reliable indicator.
Gross domestic product (GDP) stands for the total monetary or market value of all the finished goods and services constructed within a country's borders in a typical period. GDP measures the worth of the final goods and services produced in the United States (without double counting the middle goods and services used up to produce them).
The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.
To learn more about GDP refers to:
brainly.com/question/1383956
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The high-income economies of the world contain approximately 12% of the world’s population and create and consume 60% of the world’s GDP.
What is Gross domestic product?
Gross domestic product is a financial measure of the market value of all the final goods and benefits produced in a specific time period by countries. Due to its complex and subjective nature this step is often revised before being considered a reliable indicator.
- GDP is more reasonable comparing national economies on the international market.
- Total GDP can also be damaged down into the contribution of each industry or sector of the economy
- GDP definitions are supported by a number of national and international financial organizations.
To learn more about Gross domestic product, refer
https://brainly.com/question/1383956
#SPJ4
