Economists use changes in GDP to measure the balance of trade with other countries. any economic growth or shrinkage. the causes of unemployment. the distances between cities.

Question

asked Aug 20, 2024 186k views

2 Answers

← Prev Question Next Question →

Ask a Question

Hooman Askari · Answer 1 · 2024-08-24T04:42:07+0000

Answer:

any economic growth or shrinkage.

the size of the economy and how an economy is performing.

Step-by-step explanation:

GDP is significant since it provides information on the size and health of an economy. Real GDP growth is frequently used as a gauge of the economy's overall health. In general, a growth in real GDP is seen as a positive indicator of the health of the economy.

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

Please log in or register to add a comment.

Please log in or register to add a comment.

Related questions

Economists use changes in GDP to measure the balance of trade with other countries. any economic growth or shrinkage. the causes of unemployment. the distances between cities.

Other Questions