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Brics Joint Statistical Publication 2014
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National product by definition is a measure in monetary terms of the volume of all goods and services produced by an economy during a given period of time, accounted without duplication. The measure obviously has to be in value terms as the different units of production and different measures of services are not directly added. In the case of a closed economy the measure amounts to domestic product. (Gross Domestic Product).
National product by definition is a measure in monetary terms of the volume of all goods and services produced by an economy during a given period of time, accounted without duplication. The measure obviously has to be in value terms as the different units of production and different measures of services are not directly added. In the case of a closed economy the measure amounts to domestic product. (Gross Domestic Product).
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