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Why do economists use gross domestic product to measure a country's
economy?

User KurzedMetal
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1 Answer

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18 votes

Answer:

economists can use Gross domestic product to measure the country’s health by comparing the current Gross domestic product against past numbers. If the number is growing, then the economy has become more productive. If the number is shrinking, then the economy has become less productive. This comparison can be especially insightful when conducted over a long period, as it allows for long-term trends to emerge.

User Nikhilweee
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