Question

what is the role of GDP in economic sector​

Answer 1

Answer:

Hey buddy..

Explanation:

Gross Domestic Product is good measure for an economy and with improvement in research and quality of data, statisticians and governments are trying to find out measures to strengthen GDP and make it a comprehensive indicator of national income. Gross Domestic Product or GDP represents the economic health of a country.

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Answer 2

Answer:

It represents the value of all goods and services produced over a specific time period within a country's borders. Economists can use GDP to determine whether an economy is growing or experiencing a recession. Investors can use GDP to make investments decisions—a bad economy means lower earnings and lower stock prices.

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