GDP is important because it is a leading indicator of a country's economic health. It gives economists an idea of the nation's financial viability. <span>The GDP calculates the economic value of all produced goods and services generated by the country. Keeping track of it you would know or maybe predict the future trends of the economy of a country. Hope this answers the question.</span>
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By the end of the seventeenth century, Virginia had established tobacco as its main crop, a representative government, and slavery as a dominant system of labor. In 1606, a group of wealthy London businessmen petitioned King James I for a charter to establish a colony in the New World.
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