Gross Domestic Population, Gdp, And Economic Growth

982 WordsMar 9, 20154 Pages
Gross Domestic Population, GDP, is an estimate the value of all final goods and services that are produced and traded for money within a given period of time. It is measured by adding together a nation’s consumption, government expenditures, exports and capital formation. (“Marcuss and Kane,” 2007). GDP estimates were used to show that the economy could provide sufficient supplies while maintaining production of consumer goods and services. Today, the GDP, measures economic growth referred by economists, politicians, top-level decision-makers, and the media. GDP measures everything except that which makes life worthwhile. (“Commission on Growth and Development,” 2008) The World Bank was established to provide investment funds for reconstruction and development in less developed nations. The structures of the institutions were supposed to provide an equal voice to all member countries. In turn the GDP was used for analyzing economic activity. The GDP remains the most widely used measure of economic progress. (“McCulla and Smith 2007,” 1). Suriname is a South American country that will have an estimated population of 560,000 by July 2015. It is the smallest Dutch speaking state in South America. Suriname is a former colony of the Netherlands. It is made up of tropical rain forest. The country is increasingly threatened by new development. The economy of Suriname is only 15% of the GDP, (Gross Domestic Population) and 70% of export

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