1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Juliette [100K]
3 years ago
14

What is GDP, and how is it useful?

History
1 answer:
ahrayia [7]3 years ago
3 0

GDP (gross domestic product) measures the total market value (gross) of all U.S. (domestic) goods and services produced (product) in a given year.

Policymakers, government officials, businesses, economists and the public alike rely on GDP and related statistics to help assess the economy’s well-being and to make informed decisions.

(Policymakers will look to GDP when contemplating decisions on interest rates, tax and trade policies.

The pace at which our economy is growing affects business conditions and investment decisions, as well as whether workers can find jobs.

State and local governments rely on GDP and similar statistics to help shape policy or decide how much public spending is affordable.

Economists study GDP and related statistics to help inform their research.)

You might be interested in
German nationalists supported Germany’s unification out of a sense of national identity. true or false?
matrenka [14]
That’s a scam don’t click it
3 0
2 years ago
HELP I NEED HELP NOW PLEASE HELP ME !!!!!!!!!!!!!!!!!!!!! Who were the major colonizers from Europe
PolarNik [594]
I THINK THE MAGOR COLONIZERS FROM EUROPE WAS THE FRANCE PEOPLE

5 0
3 years ago
Read 2 more answers
Which of the following best describes tenements in New York City in the early 1900s
Allushta [10]
What are the options
7 0
3 years ago
Read 2 more answers
What surface does a rolling ball traveled faster and longer
nlexa [21]
Smooth road bc the others might enforce some type of friction on the ball cause it to go slower
6 0
3 years ago
Read 2 more answers
The Phoenicians introduced:
sergey [27]
The greek alphabet!!
7 0
3 years ago
Read 2 more answers
Other questions:
  • The first modernist American composer was
    15·1 answer
  • describe the disagreement between the federalists and the anti-federalists concerning how to ensure national security​
    5·1 answer
  • What two crimes was Malcolm X wrongly accused of?
    15·2 answers
  • What’s the post classical period of France
    13·2 answers
  • Drag the item from the item bank to its corresponding match.
    11·1 answer
  • All of the following are cited by historians as causes of world war I except?
    13·2 answers
  • Below are ten scenarios governed by the bill of rights write the number of the correct amendment beside each scenario
    14·1 answer
  • How do religions and religious groups impact communities today?
    14·1 answer
  • Why did diseases like smallpox decimate (kill) native American populations?
    5·1 answer
  • The international peacekeeping organization formed directly after World War II was called the European Common Market. The League
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!