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
Why will it be difficult to fully eliminate terrorist organizations in the Middle East?
Effectus [21]

The organization has brought the international community together to condemn terrorist acts and developed the international legal framework that enables states to fight the threat.

<h3>What do you mean by organizations?</h3>

An organization refers to a group of people working together with a particular purpose.

Terrorism is a direct threat to the security of the citizens for maintaining international stability and prosperity.

Even after taking major steps, it will be difficult to fully eliminate the terrorist organizations in the middle east.

Learn more about Organizations here:

brainly.com/question/12825206

#SPJ1

6 0
2 years ago
Which body of water lies on the western edge of the African continent? A. Mediterranean Sea B. Atlantic Ocean C. Red Sea D. Indi
maria [59]
The answer is B. Atlantic Ocean
5 0
3 years ago
Read 2 more answers
Which of the following statements from the second reading best expresses Du Bois’s hope for the future
Ugo [173]
<span>“to be both a Negro and American without [facing discrimination]” if using edgenunity. </span>
4 0
3 years ago
Read 2 more answers
Wich European countries conquered and settled most of North and South America in the 1500 and 1600’s
Anna11 [10]

Answer:

North America, the Caribbean, and South America

3 0
3 years ago
Who were the Maya people?​
Karolina [17]

Answer:

Explanation:

The Maya people are people who lived in Mexico, they developed calendar systems and hieroglyphic writings.

7 0
3 years ago
Other questions:
  • What is the name of the philosopher that used in his thoughts a maieulics method
    10·1 answer
  • In 1963 where did fr. Martin Luther king jr deliver his famous “ I Have A Dream” speech?
    8·2 answers
  • Did the Mayans have cities support large population s of over 30,000 people
    7·1 answer
  • Who was the American commander of the Allied land forces in the Pacific during more war two
    12·1 answer
  • Which government was over thrown when economy was weaken (World War 2)
    10·1 answer
  • What is one difference between each of the following pairs of military leaders' contributions to the allied victory in world war
    5·1 answer
  • When the government has a budget deficit, it sells bonds. true or false?
    12·1 answer
  • There are now more than how many government corporations?
    11·1 answer
  • For each battle what happened and why was it important to the course of the war (how did it impact the war from that point forwa
    5·1 answer
  • The image shows evidence of what?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!