Gdp vs Productivity - What's the difference?
gdp | productivity |
(economics, initialism) .
*{{quote-magazine, date=2013-08-03, volume=408, issue=8847, magazine=(The Economist)
, title=[http://www.economist.com/news/finance-and-economics/21582498-america-has-changed-way-it-measures-gdp-boundary-problems Boundary problems]
, passage=Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP'), is a tangle too. ' GDP measures the total value of output in an economic territory. Its apparent simplicity explains why it is scrutinised down to tenths of a percentage point every month.}}
(biochemistry, initialism) .
A5649
}} ISBN 0716730510
the state of being productive, fertile or efficient
the rate at which goods or services are produced by a standard population of workers
the rate at which crops are grown on a standard area of land
