Why is gdp necessary

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30-11-2021
Social Studies

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Why is gdp necessary

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Jomariflores400lidn Jomariflores400lidn · Answer 1 · 2021-11-30T20:22:44-05:00

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30-11-2021

Answer:

The Gross Domestic Product (GDP) is essential because it provides information about the size and performance of an economy. It is common practice to consider the rate of increase in real GDP as a measure of the overall health of an economy. In general, a growth in real gross domestic product (GDP) is viewed as an indication that the economy is doing well.

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