Davis County Clipper | 1963-02-22 | Page 11 | Local News

Q What is the Gross National Product AIt represents the total value value val val- alue I ue of oC goods and services in a given year eal Q Is It important A. A The GNP is iser very er important important important tant because it t tells us whether er our economy is moving ahead standing still or going backward Q How docs does it In do that A. A A By measuring the increase or decline in economic activity activity ity it from one year car to the next If for example the GNP forsay forsay for forsa say sa 1963 is billion while that for lor 1962 was billion then our rate of growth would be bo 2 percent Q What is the actual rate of grow growth th A. A Over recent years ears it has been 25 percent historic average a is 4 percent