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Unformatted text preview: elsewhere. It is generally used as an indicator of the economys performance. Because a larger output or income is equated with a rise in the economic well-being of a countrys population, a higher output or income is considered desirable and a lower one undesirable. The economys overall performance is tracked by the changing value of the total output or income statistic....
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This note was uploaded on 03/10/2011 for the course ECON 101 taught by Professor Duc during the Spring '05 term at Linfield.
- Spring '05