Gross Domestic Product (GDP) is an effective measure of national income, in its narrow sense as measuring economic output, and has demonstrable utility in informing macro-economic policy decisions and the efficacy of key policy interventions over time. However, GDP is not a measure of the achievement or otherwise of other policy objectives.
|Media of output|
|Number of pages||8|
|Place of Publication||Edinburgh|
|Publication status||Published - 10 Jan 2022|
- gross domestic product (GDP)
- UK Parliament
- Environmental Audit Committee