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Pani-rosa [81]
3 years ago
11

Why are economists concerned with GDP?

History
1 answer:
Ainat [17]3 years ago
6 0

Answer:

Gross domestic product tracks the health of a country's economy. It represents the value of all goods and services produced over a specific time period within a country's borders.

Explanation:

Economists can use GDP to determine whether an economy is growing or experiencing a recession.

GDP measures the total market value (gross) of all U.S. (domestic) goods and services produced (product) in a given year. When compared with prior periods, GDP tells us whether the economy is expanding by producing more goods and services, or contracting due to less output.

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Who colonized Central America?\
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By 1540, most of Central America was colonized by the Spanish under the name Captaincy General of Guatemala. On September 16th, 1810, Mexico declared its independence from Spain, attaining it in 1821. On September 15th, 1821, the Captaincy General was dissolved and Spanish rule was overthrown.

Explanation:

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The national park located in Oregon is? a.Mesa Verde b. Glacier c. Platt d. Crater Lake
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Which of the following would be considered part of the Holy Land?
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Economic globalization has worked in favor of consumers. Because of intense( ), producers strive to offer the best quality at th
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Economic globalization has worked in favor of consumers. Because of intense <u>competition</u>, producers strive to offer the best quality at the lowest price. Therefore, consumers get more value for their money. They have the option of buying <u>foreign</u> products if they are unhappy with domestic products.

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