Question

what is the importance of gross domestic product​

Answer 1

Answer:

It gives us the information about the size of economy and how it is performing....

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Answer 2

Answer:

GDP is important because it gives information about the size of the economy and how an economy is performing. The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well.

here GDP means GROSS DOMESTIC PRODUCT.